Advisor Group Inc. raised its holdings in Estee Lauder Companies Inc (NYSE:EL) by 3.7% in the fourth quarter, Holdings Channel reports. The fund owned 26,864 shares of the company’s stock after acquiring an additional 948 shares during the period. Advisor Group Inc.’s holdings in Estee Lauder Companies were worth $3,418,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in Estee Lauder Companies in the 4th quarter valued at about $126,000. Cerebellum GP LLC acquired a new stake in Estee Lauder Companies in the 4th quarter valued at about $130,000. Winslow Evans & Crocker Inc. lifted its holdings in Estee Lauder Companies by 2,750.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after acquiring an additional 1,100 shares during the last quarter. Zions Bancorporation lifted its holdings in Estee Lauder Companies by 2,781.3% in the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after acquiring an additional 1,780 shares during the last quarter. Finally, CrestPoint Capital Management LLC acquired a new stake in Estee Lauder Companies in the 4th quarter valued at about $204,000. 54.10% of the stock is owned by institutional investors.
In related news, 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 transaction, the insider now owns 23,305 shares in the company, valued at $2,971,853.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Fabrizio Freda sold 54,610 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $140.78, for a total value of $7,687,995.80. Following the completion of the transaction, the insider now owns 127,784 shares in the company, valued at approximately $17,989,431.52. The disclosure for this sale can be found here. Insiders sold a total of 248,453 shares of company stock worth $33,517,643 in the last quarter. 16.24% of the stock is owned by corporate insiders.
Estee Lauder Companies Inc (EL) opened at $145.78 on Wednesday. The firm has a market capitalization of $53,610.00, a PE ratio of 38.98, a PEG ratio of 2.56 and a beta of 0.69. Estee Lauder Companies Inc has a twelve month low of $83.34 and a twelve month high of $146.33. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company 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%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS. sell-side analysts forecast 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. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. Estee Lauder Companies’s dividend payout ratio is 40.64%.
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Estee Lauder Companies Company 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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