Nomura Asset Management Co. Ltd. boosted its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 11.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 52,957 shares of the company’s stock after buying an additional 5,516 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Estee Lauder Companies were worth $6,739,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Republic Investment Management Inc. increased its stake in Estee Lauder Companies by 107.3% during the third quarter. First Republic Investment Management Inc. now owns 30,303 shares of the company’s stock valued at $3,268,000 after acquiring an additional 15,684 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Estee Lauder Companies by 7.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,579 shares of the company’s stock valued at $2,553,000 after acquiring an additional 1,600 shares during the period. Investec Asset Management LTD increased its stake in Estee Lauder Companies by 931.2% during the third quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock valued at $112,208,000 after acquiring an additional 939,600 shares during the period. Hartford Investment Management Co. increased its stake in Estee Lauder Companies by 3.0% during the third quarter. Hartford Investment Management Co. now owns 50,131 shares of the company’s stock valued at $5,406,000 after acquiring an additional 1,473 shares during the period. Finally, Convergence Investment Partners LLC increased its stake in Estee Lauder Companies by 5.0% during the fourth quarter. Convergence Investment Partners LLC now owns 23,185 shares of the company’s stock valued at $2,950,000 after acquiring an additional 1,096 shares during the period. Hedge funds and other institutional investors own 53.64% of the company’s stock.
In other Estee Lauder Companies news, EVP Michael O’hare sold 26,203 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $133.40, for a total transaction of $3,495,480.20. Following the transaction, the executive vice president now owns 7,583 shares of the company’s stock, valued at approximately $1,011,572.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 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. Insiders sold a total of 248,453 shares of company stock worth $33,517,643 over the last three months. 16.24% of the stock is owned by company insiders.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Friday, February 2nd. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $3.74 billion for 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 was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 EPS. research analysts anticipate that Estee Lauder Companies Inc will post 4.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, February 27th. Estee Lauder Companies’s payout ratio is currently 40.64%.
Several brokerages recently issued reports on EL. Stifel Nicolaus restated a “buy” rating and set a $150.00 price target (up from $145.00) on shares of Estee Lauder Companies in a research note on Tuesday, February 20th. Bank of America boosted their price target on Estee Lauder Companies from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 5th. ValuEngine raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wells Fargo & Co reaffirmed a “buy” rating and set a $150.00 price objective on shares of Estee Lauder Companies in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $130.17.
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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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