MetLife Investment Advisors LLC bought a new stake in Estee Lauder Companies Inc (NYSE:EL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 69,268 shares of the company’s stock, valued at approximately $8,814,000.
Other large investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in Estee Lauder Companies during the fourth quarter worth $126,000. Cerebellum GP LLC bought a new position in Estee Lauder Companies during the fourth quarter worth $130,000. Winslow Evans & Crocker Inc. boosted its position in Estee Lauder Companies by 2,750.0% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock worth $145,000 after purchasing an additional 1,100 shares during the period. Captrust Financial Advisors bought a new position in Estee Lauder Companies during the fourth quarter worth $186,000. Finally, Zions Bancorporation boosted its position in Estee Lauder Companies by 2,781.3% during the third quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock worth $198,000 after purchasing an additional 1,780 shares during the period. 54.10% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on EL shares. Credit Suisse Group started coverage on shares of Estee Lauder Companies in a research report on Monday, March 12th. They set an “outperform” rating and a $162.00 price objective for the company. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Tuesday, January 9th. Jefferies Group set a $140.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research report on Friday, December 1st. Macquarie lifted their price objective on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. Finally, Wells Fargo lifted their price objective on shares of Estee Lauder Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $132.87.
In related news, major shareholder Ronald S. Foundation Lauder sold 16,447 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $138.11, for a total value of $2,271,495.17. Following the completion of the transaction, the insider now owns 83,418 shares of the company’s stock, valued at $11,520,859.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Fabrizio Freda sold 54,610 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $140.78, for a total value of $7,687,995.80. Following the completion of the transaction, the insider now directly owns 127,784 shares of the company’s stock, valued at approximately $17,989,431.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 248,453 shares of company stock valued at $33,517,643. 16.24% of the stock is owned by insiders.
Shares of Estee Lauder Companies stock opened at $146.13 on Thursday. The stock has a market cap of $54,504.40, a PE ratio of 50.74, a PEG ratio of 2.62 and a beta of 0.69. Estee Lauder Companies Inc has a 52-week low of $83.34 and a 52-week high of $148.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. Estee Lauder Companies’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. sell-side analysts forecast that Estee Lauder Companies Inc will post 4.36 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 52.78%.
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Estee Lauder Companies Profile
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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