ZWJ Investment Counsel Inc. lowered its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,700 shares of the company’s stock after selling 68 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Estee Lauder Companies, Inc. (The) were worth $739,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BLS Capital Fondsmaeglerselskab A S purchased a new stake in Estee Lauder Companies, Inc. (The) during the fourth quarter worth approximately $12,896,000. Macquarie Group Ltd. boosted its stake in Estee Lauder Companies, Inc. (The) by 63.1% in the fourth quarter. Macquarie Group Ltd. now owns 31,560 shares of the company’s stock worth $2,414,000 after buying an additional 12,210 shares during the period. DnB Asset Management AS boosted its stake in Estee Lauder Companies, Inc. (The) by 18.7% in the first quarter. DnB Asset Management AS now owns 24,780 shares of the company’s stock worth $2,101,000 after buying an additional 3,900 shares during the period. Nisa Investment Advisors LLC boosted its stake in Estee Lauder Companies, Inc. (The) by 7.6% in the first quarter. Nisa Investment Advisors LLC now owns 72,497 shares of the company’s stock worth $6,146,000 after buying an additional 5,125 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $418,000. 55.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 105.92 on Friday. The stock has a market cap of $38.96 billion, a PE ratio of 35.50 and a beta of 0.72. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $106.45. The company’s 50 day moving average price is $98.14 and its 200 day moving average price is $90.95.
Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.08. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 33.40% and a net margin of 9.62%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. On average, analysts anticipate that Estee Lauder Companies, Inc. will post $3.40 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is currently 40.60%.
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A number of analysts recently commented on EL shares. Societe Generale cut Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and upped their price objective for the company from $90.00 to $93.00 in a research report on Monday, May 15th. Wells Fargo & Company reiterated a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, April 22nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, August 10th. Zacks Investment Research upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus price target of $100.83.
In other news, Director Charlene Barshefsky sold 2,383 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $92.98, for a total transaction of $221,571.34. Following the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $371,920. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rose Marie Bravo sold 9,312 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $95.89, for a total value of $892,927.68. Following the transaction, the director now owns 12,576 shares in the company, valued at $1,205,912.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,651 shares of company stock worth $6,752,599. Insiders own 16.98% of the company’s stock.
About Estee Lauder Companies, Inc. (The)
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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