Bokf Na boosted its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,056 shares of the company’s stock after purchasing an additional 677 shares during the quarter. Bokf Na’s holdings in Estee Lauder Companies were worth $1,698,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in EL. Contravisory Investment Management Inc. increased its holdings in Estee Lauder Companies by 215.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 369 shares of the company’s stock valued at $48,000 after buying an additional 252 shares during the period. Glassman Wealth Services increased its holdings in Estee Lauder Companies by 177.5% in the 4th quarter. Glassman Wealth Services now owns 469 shares of the company’s stock valued at $61,000 after buying an additional 300 shares during the period. JCIC Asset Management Inc. increased its holdings in Estee Lauder Companies by 19.9% in the 4th quarter. JCIC Asset Management Inc. now owns 488 shares of the company’s stock valued at $63,000 after buying an additional 81 shares during the period. CWM LLC increased its holdings in Estee Lauder Companies by 200.6% in the 4th quarter. CWM LLC now owns 511 shares of the company’s stock valued at $66,000 after buying an additional 341 shares during the period. Finally, Murphy Pohlad Asset Management LLC bought a new stake in Estee Lauder Companies in the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 55.09% of the company’s stock.
Several brokerages have issued reports on EL. Berenberg Bank lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Wednesday, February 6th. Royal Bank of Canada boosted their price target on shares of Estee Lauder Companies to $173.00 and gave the company a “positive” rating in a report on Thursday, March 7th. Wells Fargo & Co reissued a “hold” rating and issued a $142.00 price target (up previously from $135.00) on shares of Estee Lauder Companies in a report on Tuesday, February 5th. ValuEngine lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Credit Suisse Group boosted their price target on shares of Estee Lauder Companies from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company’s stock. Estee Lauder Companies presently has a consensus rating of “Buy” and a consensus target price of $155.73.
EL opened at $162.74 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 1.71. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $163.38. The stock has a market capitalization of $58.78 billion, a PE ratio of 36.08, a PEG ratio of 2.53 and a beta of 0.72.
Estee Lauder Companies (NYSE:EL) last posted its earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share for the quarter, topping 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 business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that Estee Lauder Companies Inc will post 5.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $1.72 annualized dividend and a yield of 1.06%. Estee Lauder Companies’s dividend payout ratio (DPR) is 38.14%.
In related news, EVP Gregory Polcer sold 46,233 shares of the company’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $152.31, for a total transaction of $7,041,748.23. Following the transaction, the executive vice president now owns 101,830 shares in the company, valued at approximately $15,509,727.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Demsey sold 54,303 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $131.48, for a total transaction of $7,139,758.44. Following the transaction, the insider now owns 27,525 shares in the company, valued at approximately $3,618,987. The disclosure for this sale can be found here. In the last quarter, insiders have sold 600,774 shares of company stock worth $91,688,069. 16.13% of the stock is owned by corporate insiders.
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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