Connor Clark & Lunn Investment Management Ltd. Lowers Holdings in Estee Lauder Companies Inc (EL)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 91.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,950 shares of the company’s stock after selling 91,275 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Estee Lauder Companies were worth $1,164,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EL. Oregon Public Employees Retirement Fund grew its position in Estee Lauder Companies by 6,015.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after purchasing an additional 6,784,090 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Estee Lauder Companies by 112.1% in the third quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock valued at $1,022,019,000 after acquiring an additional 3,716,962 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Estee Lauder Companies by 673,732.9% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,125,301 shares of the company’s stock valued at $146,401,000 after acquiring an additional 1,125,134 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Estee Lauder Companies by 242.1% in the third quarter. Renaissance Technologies LLC now owns 1,246,700 shares of the company’s stock valued at $181,170,000 after acquiring an additional 882,300 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Estee Lauder Companies by 15.8% in the third quarter. Janus Henderson Group PLC now owns 5,143,117 shares of the company’s stock valued at $747,400,000 after acquiring an additional 701,827 shares in the last quarter. 55.09% of the stock is currently owned by institutional investors.

Shares of NYSE EL opened at $162.74 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.78. Estee Lauder Companies Inc has a 52 week low of $121.47 and a 52 week high of $163.38. The stock has a market capitalization of $58.78 billion, a P/E ratio of 36.08, a P/E/G ratio of 2.53 and a beta of 0.72.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the business earned $1.52 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Estee Lauder Companies Inc will post 5.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Wednesday, February 27th. Estee Lauder Companies’s payout ratio is currently 38.14%.

Several brokerages have recently weighed in on EL. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Thursday, January 24th. Deutsche Bank lifted their target price on shares of Estee Lauder Companies to $167.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. BMO Capital Markets lifted their target price on shares of Estee Lauder Companies from $140.00 to $155.00 and gave the company a “market perform” rating in a report on Wednesday, February 6th. JPMorgan Chase & Co. raised shares of Estee Lauder Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $160.00 to $175.00 in a report on Thursday, March 7th. Finally, Jefferies Financial Group set a $131.00 target price on shares of Estee Lauder Companies and gave the company a “hold” rating in a report on Friday, December 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $155.73.

In other Estee Lauder Companies news, insider John Demsey sold 54,303 shares of Estee Lauder Companies stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $131.48, for a total transaction of $7,139,758.44. Following the completion of the transaction, the insider now owns 27,525 shares in the company, valued at $3,618,987. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rose Marie Bravo sold 12,159 shares of Estee Lauder Companies stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $157.68, for a total transaction of $1,917,231.12. Following the transaction, the director now owns 11,813 shares of the company’s stock, valued at approximately $1,862,673.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 600,774 shares of company stock valued at $91,688,069. 16.13% of the stock is currently owned by company insiders.

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About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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