Raymond James & Associates increased its holdings in Estee Lauder Companies Inc (NYSE:EL) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 380,780 shares of the company’s stock after acquiring an additional 4,833 shares during the quarter. Raymond James & Associates’ holdings in Estee Lauder Companies were worth $48,452,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of EL. Harvest Fund Management Co. Ltd purchased a new position in Estee Lauder Companies in the 4th quarter worth $126,000. Cerebellum GP LLC purchased a new position in Estee Lauder Companies in the 4th quarter worth $130,000. Winslow Evans & Crocker Inc. raised its position 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 worth $145,000 after purchasing an additional 1,100 shares during the period. Zions Bancorporation raised its position in Estee Lauder Companies by 2,781.3% in the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock worth $198,000 after purchasing an additional 1,780 shares during the period. Finally, CrestPoint Capital Management LLC purchased a new position in Estee Lauder Companies in the 4th quarter worth $204,000. Institutional investors own 54.10% of the company’s stock.
In related news, insider John Demsey sold 77,608 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Fabrizio Freda sold 54,610 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $140.78, for a total transaction of $7,687,995.80. Following the sale, the insider now directly owns 127,784 shares in the company, valued at approximately $17,989,431.52. The disclosure for this sale can be found here. Insiders have sold a total of 248,453 shares of company stock worth $33,517,643 in the last ninety days. Insiders own 16.24% of the company’s stock.
Estee Lauder Companies (NYSE:EL) last announced 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 firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders 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 1.04%. The ex-dividend date is Tuesday, February 27th. Estee Lauder Companies’s payout ratio is 52.78%.
EL has been the topic of a number of analyst reports. Jefferies Group set a $140.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research report on Friday, December 1st. Deutsche Bank assumed coverage on shares of Estee Lauder Companies in a research report on Wednesday, December 13th. They issued a “hold” rating and a $134.00 price objective on the stock. Macquarie boosted their price objective on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the company an “outperform” rating in a research report on Thursday, December 21st. Zacks Investment Research cut shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co boosted their price objective on shares of Estee Lauder Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $131.50.
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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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