Artemis Investment Management LLP lowered its position in Estee Lauder Companies Inc. (NYSE:EL) by 62.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,770 shares of the company’s stock after selling 118,570 shares during the period. Artemis Investment Management LLP’s holdings in Estee Lauder Companies were worth $6,442,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Group LTD increased its position in Estee Lauder Companies by 1.4% in the first quarter. BlackRock Group LTD now owns 2,065,980 shares of the company’s stock worth $194,843,000 after buying an additional 28,088 shares during the last quarter. FDO Partners LLC acquired a new position in Estee Lauder Companies during the first quarter worth approximately $1,627,000. Prudential Financial Inc. increased its position in Estee Lauder Companies by 1.4% in the first quarter. Prudential Financial Inc. now owns 284,578 shares of the company’s stock worth $26,838,000 after buying an additional 4,005 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Estee Lauder Companies during the first quarter worth approximately $535,000. Finally, Ngam Advisors L.P. increased its position in Estee Lauder Companies by 2.8% in the first quarter. Ngam Advisors L.P. now owns 66,903 shares of the company’s stock worth $6,310,000 after buying an additional 1,852 shares during the last quarter. 55.36% of the stock is owned by institutional investors.
Shares of Estee Lauder Companies Inc. (NYSE:EL) traded down 1.05% on Wednesday, reaching $88.45. 1,569,812 shares of the company were exchanged. Estee Lauder Companies Inc. has a 12 month low of $79.49 and a 12 month high of $97.48. The company has a market cap of $32.35 billion, a price-to-earnings ratio of 29.88 and a beta of 0.95. The company’s 50-day moving average price is $89.92 and its 200 day moving average price is $92.45.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Friday, August 19th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.15. The firm earned $2.65 billion during the quarter. Estee Lauder Companies had a return on equity of 33.20% and a net margin of 9.90%. Estee Lauder Companies’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 earnings per share. On average, equities research analysts expect that Estee Lauder Companies Inc. will post ($0.06) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Monday, August 29th. Estee Lauder Companies’s dividend payout ratio is currently 40.40%.
A number of equities analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price objective on shares of Estee Lauder Companies in a report on Friday, August 19th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $100.00 price objective (up from $98.00) on shares of Estee Lauder Companies in a report on Friday, July 15th. Zacks Investment Research downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Jefferies Group reissued a “hold” rating and set a $98.00 price target on shares of Estee Lauder Companies in a report on Thursday, July 14th. Finally, B. Riley reissued a “neutral” rating and set a $86.00 price target on shares of Estee Lauder Companies in a report on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Estee Lauder Companies presently has a consensus rating of “Buy” and an average target price of C$100.97.
In other Estee Lauder Companies news, EVP Gregory Polcer sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of C$95.00, for a total value of C$1,425,000.00. Following the completion of the sale, the executive vice president now owns 84,909 shares in the company, valued at C$8,066,355. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 15,975 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of C$90.84, for a total value of C$1,451,169.00. Following the completion of the sale, the chief executive officer now owns 73,174 shares of the company’s stock, valued at approximately C$6,647,126.16. The disclosure for this sale can be found here. 16.87% of the stock is owned by company insiders.
Estee Lauder Companies Company Profile
The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.
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