Watch Point Trust Co acquired a new position in shares of Estee Lauder Companies Inc (NYSE:EL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,438 shares of the company’s stock, valued at approximately $2,474,000.
A number of other large investors have also bought and sold shares of the stock. Coastal Investment Advisors Inc. lifted its stake in shares of Estee Lauder Companies by 41.4% in the second quarter. Coastal Investment Advisors Inc. now owns 362 shares of the company’s stock worth $67,000 after buying an additional 106 shares in the last quarter. Boltwood Capital Management purchased a new position in shares of Estee Lauder Companies during the third quarter valued at approximately $661,000. HBK Sorce Advisory LLC purchased a new position in shares of Estee Lauder Companies during the second quarter valued at approximately $434,000. Gamco Investors INC. ET AL purchased a new position in shares of Estee Lauder Companies during the second quarter valued at approximately $2,372,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in shares of Estee Lauder Companies by 27.7% during the second quarter. Compagnie Lombard Odier SCmA now owns 23,028 shares of the company’s stock valued at $4,217,000 after purchasing an additional 5,000 shares during the last quarter. 54.90% of the stock is currently owned by institutional investors and hedge funds.
EL has been the subject of several research reports. Citigroup boosted their price objective on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a report on Tuesday, August 20th. Edward Jones cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Wells Fargo & Co boosted their price objective on shares of Estee Lauder Companies from $175.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, August 19th. Finally, Piper Jaffray Companies cut shares of Estee Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $210.00 to $204.00 in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. Estee Lauder Companies has a consensus rating of “Buy” and an average price target of $194.96.
In other Estee Lauder Companies news, CEO Fabrizio Freda sold 28,819 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $206.51, for a total value of $5,951,411.69. Following the completion of the transaction, the chief executive officer now directly owns 93,360 shares in the company, valued at $19,279,773.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total transaction of $1,346,578.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,214,755 shares of company stock valued at $434,929,789. 14.68% of the stock is owned by corporate insiders.
EL stock traded up $0.13 during midday trading on Friday, reaching $187.27. 915,389 shares of the company’s stock traded hands, compared to its average volume of 1,704,993. Estee Lauder Companies Inc has a 52-week low of $121.47 and a 52-week high of $207.50. The stock has a market cap of $66.38 billion, a P/E ratio of 35.07, a PEG ratio of 2.44 and a beta of 0.76. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock’s 50-day moving average is $190.85 and its 200 day moving average is $184.20.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 31st. The company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.07. Estee Lauder Companies had a net margin of 12.34% and a return on equity of 46.14%. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. As a group, research analysts expect that Estee Lauder Companies Inc will post 5.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.48 per share. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, November 27th. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.
Estee Lauder Companies Profile
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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