Bridges Investment Management Inc. increased its holdings in The Estée Lauder Companies Inc. (NYSE: EL – Get Rating) by 38.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,827 shares of the company stock after purchasing an additional 505 shares during the period. Bridges Investment Management Inc.’s holdings in Estée Lauder Companies were worth $ 498,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of EL. Norges Bank acquired a new position in shares of Estée Lauder Companies during the fourth quarter valued at about $ 858,734,000. BlackRock Inc. raised its position in shares of Estée Lauder Companies by 13.1% during the fourth quarter. BlackRock Inc. now owns 16,953,258 shares of the company stock valued at $ 6,276,099,000 after buying an additional 1,969,898 shares during the last quarter. Morgan Stanley raised its position in shares of Estée Lauder Companies by 100.7% during the second quarter. Morgan Stanley now owns 3,778,605 shares of the company stock valued at $ 1,201,900,000 after buying an additional 1,895,658 shares during the last quarter. 1832 Asset Management LP raised its position in shares of Estée Lauder Companies by 238.8% during the fourth quarter. 1832 Asset Management LP now owns 1,200,727 shares of the company stock valued at $ 445,780,000 after buying an additional 846,290 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Estée Lauder Companies by 26.5% during the fourth quarter. Brown Advisory Inc. now owns 3,241,559 shares of the company stock valued at $ 1,200,024,000 after buying an additional 678,097 shares during the last quarter. Hedge funds and other institutional investors own 58.85% of the company stock.
EL opened at $ 237.83 on Tuesday. The Estée Lauder Companies Inc. has a one year low of $ 225.39 and a one year high of $ 374.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.75 and a quick ratio of 1.23. The company 50 day simple moving average is $ 250.82 and its 200-day simple moving average is $ 290.01. The stock has a market capitalization of $ 84.99 billion, a P / E ratio of 26.02, a price-to-earnings-growth ratio of 3.08 and a beta of 1.04.
Estée Lauder Companies (NYSE: EL – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $ 1.90 EPS for the quarter, beating the consensus estimate of $ 1.66 by $ 0.24. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The business had revenue of $ 4.25 billion for the quarter, compared to analysts’ expectations of $ 4.32 billion. During the same period in the prior year, the firm earned $ 1.62 earnings per share. Estée Lauder Companies’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that The Estée Lauder Companies Inc. will post 7.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were paid a $ 0.60 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $ 2.40 dividend on an annualized basis and a yield of 1.01%. Estée Lauder Companies’s payout ratio is presently 26.26%.
A number of research analysts have recently commented on EL shares. Oppenheimer reaffirmed an “outperform” rating and set a $ 300.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, May 31st. Stifel Nicolaus dropped their price target on shares of Estée Lauder Companies from $ 355.00 to $ 335.00 and set a “buy” rating for the company in a research report on Tuesday, April 5th. Credit Suisse Group dropped their price target on shares of Estée Lauder Companies from $ 365.00 to $ 320.00 in a research report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Estée Lauder Companies from $ 289.00 to $ 274.00 in a research report on Wednesday, May 4th. Finally, StockNews.com started coverage on shares of Estée Lauder Companies in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $ 338.60.
In other Estée Lauder Companies news, EVP Carl P. Haney sold 548 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $ 263.88, for a total value of $ 144,606.24. Following the transaction, the executive vice president now directly owns 3,296 shares of the company stock, valued at $ 869,748.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 1,158 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $ 238.34, for a total transaction of $ 275,997.72. Following the completion of the sale, the director now owns 46,828 shares in the company, valued at $ 11,160,985.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,671 shares of company stock worth $ 888,117. Insiders own 12.91% of the company stock.
Estée Lauder Companies Profile: (Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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