Estee Lauder Companies Inc (EL) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd reduced its position in Estee Lauder Companies Inc (NYSE:EL) by 15.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 933,432 shares of the company’s stock after selling 174,068 shares during the period. Estee Lauder Companies accounts for 1.4% of USS Investment Management Ltd’s investment portfolio, making the stock its 29th largest holding. USS Investment Management Ltd’s holdings in Estee Lauder Companies were worth $118,784,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EL. Jennison Associates LLC purchased a new stake in shares of Estee Lauder Companies in the third quarter worth about $664,432,000. Janus Henderson Group PLC lifted its position in shares of Estee Lauder Companies by 1,676.9% in the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after buying an additional 4,431,247 shares in the last quarter. Northern Trust Corp lifted its position in shares of Estee Lauder Companies by 41.1% in the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock worth $358,214,000 after buying an additional 1,086,562 shares in the last quarter. Fred Alger Management Inc. purchased a new stake in shares of Estee Lauder Companies in the second quarter worth about $94,952,000. Finally, Investec Asset Management LTD lifted its position in shares of Estee Lauder Companies by 931.2% in the third quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock worth $112,208,000 after buying an additional 939,600 shares in the last quarter. Institutional investors own 53.65% of the company’s stock.

In related news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total value of $71,670,269.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Demsey sold 77,608 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.52, for a total value of $9,896,572.16. Following the completion of the transaction, the insider now directly owns 23,305 shares in the company, valued at approximately $2,971,853.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,566,381 shares of company stock worth $195,955,337. Insiders own 16.24% of the company’s stock.

Several brokerages have weighed in on EL. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research note on Tuesday, January 9th. Wells Fargo & Co boosted their price objective on Estee Lauder Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Macquarie boosted their price objective on Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research note on Thursday, December 21st. Deutsche Bank began coverage on Estee Lauder Companies in a research note on Wednesday, December 13th. They set a “hold” rating and a $134.00 price objective on the stock. Finally, Jefferies Group set a $140.00 price objective on Estee Lauder Companies and gave the stock a “buy” rating in a research note on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Estee Lauder Companies currently has a consensus rating of “Buy” and a consensus price target of $117.33.

Estee Lauder Companies Inc (EL) traded down $0.56 on Tuesday, hitting $128.53. The stock had a trading volume of 1,465,900 shares, compared to its average volume of 1,490,956. The company has a market capitalization of $47,620.00, a PE ratio of 34.74, a price-to-earnings-growth ratio of 2.47 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 debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. sell-side analysts expect that Estee Lauder Companies Inc will post 4.17 EPS for the current year.

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

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