Sheets Smith Wealth Management cut its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 19.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,567 shares of the company’s stock after selling 10,700 shares during the quarter. Estee Lauder Companies accounts for about 1.3% of Sheets Smith Wealth Management’s portfolio, making the stock its 13th largest position. Sheets Smith Wealth Management’s holdings in Estee Lauder Companies were worth $5,543,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Moors & Cabot Inc. grew its holdings in Estee Lauder Companies by 1.1% during the 2nd quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock worth $365,000 after acquiring an additional 40 shares during the last quarter. Glenview Trust Co grew its holdings in Estee Lauder Companies by 1.5% during the 2nd quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock worth $263,000 after acquiring an additional 41 shares during the last quarter. Williams Jones & Associates LLC grew its holdings in Estee Lauder Companies by 0.7% during the 2nd quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock worth $659,000 after acquiring an additional 45 shares during the last quarter. Wealthsource Partners LLC grew its holdings in Estee Lauder Companies by 3.6% during the 2nd quarter. Wealthsource Partners LLC now owns 3,092 shares of the company’s stock worth $297,000 after acquiring an additional 108 shares during the last quarter. Finally, Comerica Securities Inc. grew its holdings in Estee Lauder Companies by 1.9% during the 2nd quarter. Comerica Securities Inc. now owns 9,895 shares of the company’s stock worth $950,000 after acquiring an additional 182 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors.
Shares of Estee Lauder Companies Inc (NYSE:EL) traded down $0.56 during midday trading on Friday, hitting $128.53. 1,465,988 shares of the stock were exchanged, compared to its average volume of 1,490,956. The firm has a market cap of $47,330.00, a P/E ratio of 34.74, a P/E/G ratio of 2.50 and a beta of 0.71. Estee Lauder Companies Inc has a 1 year low of $78.36 and a 1 year high of $132.49. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. sell-side analysts expect that Estee Lauder Companies Inc will post 4.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, November 29th. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s payout ratio is presently 41.08%.
In related news, insider John Demsey sold 77,608 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total transaction of $9,896,572.16. Following the transaction, the insider now owns 23,305 shares in the company, valued at approximately $2,971,853.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tracey Thomas Travis sold 5,469 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $122.00, for a total transaction of $667,218.00. Following the transaction, the chief financial officer now owns 37,083 shares in the company, valued at approximately $4,524,126. The disclosure for this sale can be found here. Insiders have sold a total of 1,566,381 shares of company stock worth $195,955,337 in the last quarter. 16.24% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on EL shares. Oppenheimer reissued a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Estee Lauder Companies in a report on Wednesday, September 20th. Piper Jaffray Companies set a $135.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Wednesday, November 1st. Royal Bank of Canada set a $115.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus boosted their target price on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, KeyCorp set a $115.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Estee Lauder Companies has an average rating of “Buy” and a consensus price target of $117.33.
About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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