BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)


Share on StockTwits

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 356,741 shares of the company’s stock after acquiring an additional 35,555 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.10% of The Estée Lauder Companies worth $77,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC purchased a new stake in The Estée Lauder Companies in the third quarter worth $460,000. Tranquility Partners LLC purchased a new stake in The Estée Lauder Companies in the third quarter worth $221,000. GW&K Investment Management LLC raised its holdings in The Estée Lauder Companies by 27.5% in the third quarter. GW&K Investment Management LLC now owns 10,294 shares of the company’s stock worth $2,247,000 after purchasing an additional 2,222 shares in the last quarter. AJO LP bought a new position in The Estée Lauder Companies in the third quarter worth $213,000. Finally, Westwood Holdings Group Inc. raised its holdings in The Estée Lauder Companies by 2,748.3% in the third quarter. Westwood Holdings Group Inc. now owns 58,959 shares of the company’s stock worth $12,868,000 after purchasing an additional 56,889 shares in the last quarter. 48.71% of the stock is owned by institutional investors.

In other news, major shareholder Ronald S. Foundation Lauder sold 16,000 shares of The Estée Lauder Companies stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $216.61, for a total transaction of $3,465,760.00. Also, EVP Gregory Polcer sold 4,091 shares of The Estée Lauder Companies stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $213.68, for a total value of $874,164.88. Following the transaction, the executive vice president now directly owns 86,620 shares in the company, valued at $18,508,961.60. The disclosure for this sale can be found here. Insiders sold 2,587,288 shares of company stock worth $624,548,135 over the last three months. Insiders own 13.95% of the company’s stock.

NYSE:EL traded down $1.36 on Friday, hitting $240.56. The stock had a trading volume of 1,327,062 shares, compared to its average volume of 1,680,583. The stock has a market cap of $86.99 billion, a price-to-earnings ratio of 146.68, a price-to-earnings-growth ratio of 4.09 and a beta of 0.83. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 1.10. The business’s 50-day simple moving average is $231.61 and its two-hundred day simple moving average is $206.46. The Estée Lauder Companies Inc. has a 52-week low of $137.01 and a 52-week high of $259.77.

The Estée Lauder Companies (NYSE:EL) last announced its earnings results on Saturday, November 7th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.54. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.67 earnings per share. As a group, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 5.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.88%. This is a boost from The Estée Lauder Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, November 27th. The Estée Lauder Companies’s dividend payout ratio (DPR) is presently 46.60%.

EL has been the subject of a number of research reports. Argus increased their price objective on The Estée Lauder Companies from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Zacks Investment Research downgraded The Estée Lauder Companies from a “hold” rating to a “sell” rating and set a $224.00 price objective for the company. in a report on Tuesday, August 25th. Stifel Nicolaus increased their price objective on The Estée Lauder Companies from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft increased their price objective on The Estée Lauder Companies from $248.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Finally, Smith Barney Citigroup increased their price objective on The Estée Lauder Companies from $220.00 to $239.00 in a report on Tuesday, November 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. The Estée Lauder Companies currently has an average rating of “Buy” and a consensus price target of $229.10.

About The Estée 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, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

Featured Story: Commodities

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estée Lauder Companies Inc. (NYSE:EL).

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

Receive News & Ratings for The Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.