Calamos Advisors LLC Sells 1,734 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Calamos Advisors LLC decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,522 shares of the company’s stock after selling 1,734 shares during the period. Calamos Advisors LLC’s holdings in Estée Lauder Companies were worth $15,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Keybank National Association OH increased its position in Estée Lauder Companies by 11.3% in the 3rd quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock valued at $651,000 after acquiring an additional 458 shares during the period. Impax Asset Management Group plc increased its position in Estée Lauder Companies by 517.6% in the 4th quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock valued at $6,820,000 after acquiring an additional 39,082 shares during the period. ICICI Prudential Asset Management Co Ltd increased its position in Estée Lauder Companies by 221.9% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock valued at $9,075,000 after acquiring an additional 43,280 shares during the period. YCG LLC increased its position in Estée Lauder Companies by 5.7% in the 4th quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after acquiring an additional 9,619 shares during the period. Finally, Nordea Investment Management AB increased its position in Estée Lauder Companies by 37.1% in the 3rd quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock valued at $205,776,000 after acquiring an additional 381,860 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Up 0.1 %

Shares of EL traded up $0.19 during trading hours on Friday, reaching $145.00. 374,874 shares of the stock traded hands, compared to its average volume of 2,649,849. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $146.56 and a 200 day simple moving average of $138.07. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $260.46. The company has a market cap of $51.98 billion, a price-to-earnings ratio of 111.39, a PEG ratio of 3.59 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period last year, the firm earned $1.54 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, February 28th. Estée Lauder Companies’s payout ratio is currently 203.08%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Raymond James increased their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday. Wells Fargo & Company increased their price objective on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective for the company. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $168.00.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, 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.