New York State Teachers Retirement System boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,714 shares of the company’s stock after acquiring an additional 743 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Estée Lauder Companies worth $65,430,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the business. Vigilant Capital Management LLC boosted its stake in shares of Estée Lauder Companies by 280.0% during the third quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Estée Lauder Companies by 52.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 116 shares of the company’s stock valued at $29,000 after buying an additional 40 shares during the period. BDO Wealth Advisors LLC grew its stake in Estée Lauder Companies by 450.0% in the 2nd quarter. BDO Wealth Advisors LLC now owns 132 shares of the company’s stock worth $34,000 after acquiring an additional 108 shares in the last quarter. Align Wealth Management LLC purchased a new position in shares of Estée Lauder Companies during the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Estée Lauder Companies by 496.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 167 shares of the company’s stock valued at $41,000 after acquiring an additional 139 shares in the last quarter. Institutional investors own 55.74% of the company’s stock.
Insider Activity
In related news, CEO Fabrizio Freda sold 6,831 shares of the stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $280.00, for a total transaction of $1,912,680.00. Following the sale, the chief executive officer now directly owns 118,931 shares of the company’s stock, valued at $33,300,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jennifer Hyman sold 5,234 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $266.88, for a total value of $1,396,849.92. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $266,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Fabrizio Freda sold 6,831 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $280.00, for a total value of $1,912,680.00. Following the completion of the sale, the chief executive officer now owns 118,931 shares in the company, valued at $33,300,680. The disclosure for this sale can be found here. Insiders sold a total of 33,511 shares of company stock valued at $8,943,120 in the last three months. 12.75% of the stock is currently owned by corporate insiders.
Estée Lauder Companies Trading Up 0.8 %
Estée Lauder Companies (NYSE:EL – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.25. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.58 billion. Estée Lauder Companies had a net margin of 9.13% and a return on equity of 32.65%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.01 earnings per share. Sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 4.97 EPS for the current year.
Estée Lauder Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Monday, February 27th. Estée Lauder Companies’s payout ratio is presently 64.23%.
Wall Street Analyst Weigh In
EL has been the topic of several research analyst reports. Credit Suisse Group increased their price objective on Estée Lauder Companies from $215.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, February 6th. Oppenheimer lifted their price objective on Estée Lauder Companies from $245.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, January 17th. Citigroup began coverage on shares of Estée Lauder Companies in a report on Thursday, February 16th. They set a “buy” rating and a $295.00 target price on the stock. Raymond James boosted their price target on shares of Estée Lauder Companies from $245.00 to $315.00 and gave the company a “strong-buy” rating in a report on Thursday, January 26th. Finally, DA Davidson reiterated a “buy” rating and set a $308.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of “Moderate Buy” and an average target price of $279.58.
Estée Lauder Companies Company Profile
The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.
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