Bogart Wealth LLC increased its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,550 shares of the company’s stock after acquiring an additional 106 shares during the period. Bogart Wealth LLC’s holdings in Estee Lauder Companies were worth $308,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in Estee Lauder Companies by 10.9% in the 1st quarter. FMR LLC now owns 17,499,760 shares of the company’s stock valued at $2,897,086,000 after purchasing an additional 1,724,423 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Estee Lauder Companies by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 17,300,612 shares of the company’s stock valued at $3,167,915,000 after acquiring an additional 334,467 shares during the last quarter. Edgewood Management LLC increased its holdings in shares of Estee Lauder Companies by 1.1% in the 2nd quarter. Edgewood Management LLC now owns 6,896,949 shares of the company’s stock valued at $1,262,900,000 after acquiring an additional 71,860 shares during the last quarter. Morgan Stanley increased its holdings in shares of Estee Lauder Companies by 104.8% in the 2nd quarter. Morgan Stanley now owns 3,750,994 shares of the company’s stock valued at $686,843,000 after acquiring an additional 1,919,751 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Estee Lauder Companies by 0.6% in the 2nd quarter. Northern Trust Corp now owns 3,700,121 shares of the company’s stock valued at $677,530,000 after acquiring an additional 23,366 shares during the last quarter. 54.91% of the stock is currently owned by hedge funds and other institutional investors.
Estee Lauder Companies stock traded down $0.45 during mid-day trading on Thursday, reaching $190.65. 623,473 shares of the company were exchanged, compared to its average volume of 1,444,374. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $207.50. The firm’s 50-day simple moving average is $197.59 and its two-hundred day simple moving average is $180.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.57. The firm has a market cap of $70.43 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.77.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that Estee Lauder Companies Inc will post 5.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. Estee Lauder Companies’s payout ratio is 32.21%.
A number of research analysts have recently commented on EL shares. Royal Bank of Canada increased their price objective on Estee Lauder Companies to $200.00 in a report on Tuesday, August 20th. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Tuesday, August 20th. UBS Group raised their price target on Estee Lauder Companies from $172.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. ValuEngine downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, DA Davidson raised their price target on Estee Lauder Companies from $6.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $191.87.
In other news, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $196.00, for a total value of $392,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Sara E. Moss sold 6,274 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $193.55, for a total value of $1,214,332.70. The disclosure for this sale can be found here. Insiders have sold a total of 2,187,217 shares of company stock valued at $429,841,069 over the last ninety days. 14.68% of the stock is owned by insiders.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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