State of Alaska Department of Revenue Acquires 35,240 Shares of Estee Lauder Companies Inc (EL)

State of Alaska Department of Revenue raised its holdings in Estee Lauder Companies Inc (NYSE:EL) by 253.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 49,124 shares of the company’s stock after acquiring an additional 35,240 shares during the quarter. State of Alaska Department of Revenue’s holdings in Estee Lauder Companies were worth $6,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oakbrook Investments LLC acquired a new position in Estee Lauder Companies in the 4th quarter valued at approximately $1,225,000. Acadian Asset Management LLC increased its position in Estee Lauder Companies by 31.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,880,660 shares of the company’s stock valued at $239,297,000 after acquiring an additional 454,532 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Estee Lauder Companies by 3.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 792,894 shares of the company’s stock valued at $100,888,000 after purchasing an additional 29,384 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Estee Lauder Companies by 4,893.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,545 shares of the company’s stock valued at $451,000 after purchasing an additional 3,474 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Estee Lauder Companies in the 4th quarter valued at $413,000. Hedge funds and other institutional investors own 53.65% of the company’s stock.

Estee Lauder Companies Inc (NYSE:EL) opened at $134.45 on Friday. The stock has a market cap of $49,509.33, a price-to-earnings ratio of 34.92, a P/E/G ratio of 2.58 and a beta of 0.71. Estee Lauder Companies Inc has a 12 month low of $78.71 and a 12 month high of $134.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. Estee Lauder Companies’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. analysts predict that Estee Lauder Companies Inc will post 4.19 EPS for the current year.

In related news, Director Richard F. Zannino sold 23,312 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $119.23, for a total transaction of $2,779,489.76. Following the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at $1,669,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alexandra C. Trower sold 25,446 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $120.39, for a total transaction of $3,063,443.94. Following the transaction, the executive vice president now directly owns 7,732 shares in the company, valued at $930,855.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,566,381 shares of company stock worth $195,955,337. 16.24% of the stock is owned by insiders.

A number of equities research analysts have recently commented on the stock. Deutsche Bank assumed coverage on shares of Estee Lauder Companies in a research note on Wednesday, December 13th. They issued a “hold” rating and a $134.00 price objective on the stock. Royal Bank of Canada set a $115.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, October 23rd. Piper Jaffray Companies set a $135.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Wednesday, November 1st. Telsey Advisory Group upped their price objective on shares of Estee Lauder Companies from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Finally, Wells Fargo & Co upped their price objective on shares of Estee Lauder Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Estee Lauder Companies has a consensus rating of “Buy” and a consensus price target of $117.67.

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Estee Lauder Companies Company Profile

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.

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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