Suntrust Banks Inc. increased its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,198 shares of the company’s stock after purchasing an additional 1,123 shares during the quarter. Suntrust Banks Inc.’s holdings in Estee Lauder Companies were worth $3,842,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC grew its position in Estee Lauder Companies by 16.6% in the 3rd quarter. Aperio Group LLC now owns 144,699 shares of the company’s stock valued at $15,604,000 after acquiring an additional 20,634 shares during the last quarter. Pictet Asset Management Ltd. grew its position in Estee Lauder Companies by 19.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 527,420 shares of the company’s stock valued at $56,877,000 after acquiring an additional 85,599 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Estee Lauder Companies by 6.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 133,334 shares of the company’s stock valued at $14,379,000 after acquiring an additional 8,642 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Estee Lauder Companies by 37.4% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 24,076 shares of the company’s stock valued at $2,596,000 after acquiring an additional 6,554 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Estee Lauder Companies by 126.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after acquiring an additional 633 shares during the last quarter. 53.84% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Tracey Thomas Travis sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total transaction of $685,100.00. Following the completion of the sale, the chief financial officer now directly owns 24,467 shares in the company, valued at approximately $3,352,468.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Demsey sold 77,608 shares of the company’s stock in a transaction 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 sale, the insider now owns 23,305 shares of the company’s stock, valued at $2,971,853.60. The disclosure for this sale can be found here. Insiders have sold a total of 232,006 shares of company stock valued at $31,246,148 over the last 90 days. 16.24% of the stock is currently owned by company insiders.
Shares of Estee Lauder Companies Inc (NYSE EL) opened at $142.95 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market capitalization of $52,367.63, a price-to-earnings ratio of 49.44, a P/E/G ratio of 2.53 and a beta of 0.74. Estee Lauder Companies Inc has a 12 month low of $81.69 and a 12 month high of $142.96.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS. analysts anticipate that Estee Lauder Companies Inc will post 4.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 52.78%.
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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