Watch Point Trust Co acquired a new stake in Estee Lauder Companies Inc (NYSE:EL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,438 shares of the company’s stock, valued at approximately $2,474,000.
A number of other large investors have also recently bought and sold shares of the business. Delta Investment Management LLC purchased a new stake in shares of Estee Lauder Companies during the 3rd quarter worth approximately $2,176,000. Bourgeon Capital Management LLC bought a new position in Estee Lauder Companies in the 3rd quarter worth approximately $60,000. First Trust Advisors LP boosted its holdings in Estee Lauder Companies by 281.5% in the 3rd quarter. First Trust Advisors LP now owns 406,107 shares of the company’s stock worth $80,795,000 after buying an additional 299,649 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Estee Lauder Companies by 6.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,180 shares of the company’s stock worth $1,826,000 after buying an additional 537 shares during the period. Finally, Symmetry Partners LLC boosted its holdings in Estee Lauder Companies by 150.5% in the 3rd quarter. Symmetry Partners LLC now owns 4,286 shares of the company’s stock worth $853,000 after buying an additional 2,575 shares during the period. Hedge funds and other institutional investors own 54.90% of the company’s stock.
NYSE:EL traded up $0.13 during trading hours on Friday, hitting $187.27. The stock had a trading volume of 915,389 shares, compared to its average volume of 1,704,993. The company has a 50 day simple moving average of $190.85 and a two-hundred day simple moving average of $184.20. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.08. Estee Lauder Companies Inc has a one year low of $121.47 and a one year high of $207.50. The firm has a market capitalization of $66.38 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 2.44 and a beta of 0.76.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the firm earned $1.41 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Estee Lauder Companies Inc will post 5.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.03%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, November 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 32.21%.
Several research firms recently commented on EL. DA Davidson raised their price objective on shares of Estee Lauder Companies from $6.00 to $184.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. They noted that the move was a valuation call. Bank of America reaffirmed a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of Estee Lauder Companies in a report on Monday, August 19th. Royal Bank of Canada raised their price objective on shares of Estee Lauder Companies to $200.00 in a report on Tuesday, August 20th. Credit Suisse Group raised their price objective on shares of Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Finally, ValuEngine downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $194.96.
In other news, EVP Alexandra C. Trower sold 6,608 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Fabrizio Freda sold 16,479 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $184.08, for a total transaction of $3,033,454.32. Following the sale, the chief executive officer now owns 83,348 shares in the company, valued at approximately $15,342,699.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,214,755 shares of company stock valued at $434,929,789. Insiders own 14.68% of the company’s stock.
Estee Lauder Companies Profile
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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