Public Employees Retirement Association of Colorado increased its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 3.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 769,066 shares of the company’s stock after purchasing an additional 25,378 shares during the period. Estee Lauder Companies accounts for 0.9% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 23rd biggest holding. Public Employees Retirement Association of Colorado owned about 0.21% of Estee Lauder Companies worth $153,006,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coastal Investment Advisors Inc. lifted its stake in shares of Estee Lauder Companies by 41.4% during the second quarter. Coastal Investment Advisors Inc. now owns 362 shares of the company’s stock worth $67,000 after buying an additional 106 shares during the period. Boltwood Capital Management acquired a new position in Estee Lauder Companies in the 3rd quarter valued at about $661,000. HBK Sorce Advisory LLC acquired a new position in Estee Lauder Companies in the 2nd quarter valued at about $434,000. Gamco Investors INC. ET AL acquired a new position in Estee Lauder Companies in the 2nd quarter valued at about $2,372,000. Finally, Compagnie Lombard Odier SCmA boosted its holdings in Estee Lauder Companies by 27.7% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 23,028 shares of the company’s stock valued at $4,217,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 54.90% of the company’s stock.
In other news, CEO Fabrizio Freda sold 16,479 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $184.08, for a total value of $3,033,454.32. Following the completion of the transaction, the chief executive officer now owns 83,348 shares in the company, valued at approximately $15,342,699.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total transaction of $1,346,578.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,214,755 shares of company stock valued at $434,929,789. Company insiders own 14.68% of the company’s stock.
EL traded up $0.13 during trading hours on Friday, hitting $187.27. 915,389 shares of the company’s stock were exchanged, compared to its average volume of 1,704,993. Estee Lauder Companies Inc has a 12-month low of $121.47 and a 12-month high of $207.50. The firm has a 50 day moving average of $190.85 and a 200 day moving average of $184.20. The firm has a market cap of $66.38 billion, a P/E ratio of 35.07, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.07. Estee Lauder Companies had a net margin of 12.34% and a return on equity of 46.14%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the firm posted $1.41 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, research analysts expect that Estee Lauder Companies Inc will post 5.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.48 dividend. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, November 27th. This represents a $1.92 annualized dividend and a dividend yield of 1.03%. Estee Lauder Companies’s dividend payout ratio is presently 32.21%.
Several equities analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Estee Lauder Companies in a report on Wednesday, October 16th. They issued a “buy” rating and a $230.00 target price on the stock. ValuEngine downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group reduced their price target on shares of Estee Lauder Companies from $205.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Estee Lauder Companies to $200.00 in a research note on Tuesday, August 20th. Finally, Edward Jones downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $194.96.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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