Estee Lauder Companies Inc. (EL) Position Lowered by Alps Advisors Inc.
Alps Advisors Inc. lowered its stake in Estee Lauder Companies Inc. (NYSE:EL) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,730 shares of the company’s stock after selling 232 shares during the period. Alps Advisors Inc.’s holdings in Estee Lauder Companies were worth $431,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Glenmede Trust Co. NA increased its stake in Estee Lauder Companies by 39.1% in the first quarter. Glenmede Trust Co. NA now owns 7,109 shares of the company’s stock valued at $670,000 after buying an additional 2,000 shares in the last quarter. Virginia Retirement System purchased a new position in Estee Lauder Companies during the first quarter valued at $340,000. Pacad Investment Ltd. purchased a new position in Estee Lauder Companies during the first quarter valued at $448,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Estee Lauder Companies during the first quarter valued at $207,000. Finally, Prudential Financial Inc. boosted its position in Estee Lauder Companies by 1.4% in the first quarter. Prudential Financial Inc. now owns 284,578 shares of the company’s stock valued at $26,838,000 after buying an additional 4,005 shares during the last quarter. Hedge funds and other institutional investors own 55.36% of the company’s stock.
Shares of Estee Lauder Companies Inc. (NYSE:EL) traded down 0.54% during mid-day trading on Friday, reaching $87.83. 763,707 shares of the company’s stock traded hands. Estee Lauder Companies Inc. has a 12-month low of $80.18 and a 12-month high of $97.48. The firm has a market capitalization of $32.12 billion, a price-to-earnings ratio of 29.67 and a beta of 0.91. The stock has a 50-day moving average price of $88.85 and a 200 day moving average price of $92.16.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Friday, August 19th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.40 by $0.15. The company earned $2.65 billion during the quarter. Estee Lauder Companies had a return on equity of 33.20% and a net margin of 9.90%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. Analysts anticipate that Estee Lauder Companies Inc. will post ($0.07) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Monday, August 29th. Estee Lauder Companies’s payout ratio is currently 40.40%.
Several research analysts have recently weighed in on EL shares. Bank of America Corp. reaffirmed a “buy” rating and issued a $103.00 price target on shares of Estee Lauder Companies in a report on Tuesday, August 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price target on shares of Estee Lauder Companies in a report on Friday, August 19th. Vetr raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $94.06 price target on the stock in a report on Tuesday, August 30th. Berenberg Bank started coverage on shares of Estee Lauder Companies in a report on Friday, September 9th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Goldman Sachs Group Inc. started coverage on shares of Estee Lauder Companies in a report on Sunday, September 11th. They issued a “buy” rating and a $105.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Estee Lauder Companies presently has a consensus rating of “Buy” and an average target price of C$100.97.
In other news, insider Cedric Prouve sold 82,608 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of C$88.97, for a total value of C$7,349,633.76. Following the sale, the insider now directly owns 277,578 shares in the company, valued at approximately C$24,696,114.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory Polcer sold 3,602 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of C$88.01, for a total transaction of C$317,012.02. Following the completion of the sale, the executive vice president now owns 78,064 shares in the company, valued at C$6,870,412.64. The disclosure for this sale can be found here. 16.98% of the stock is currently owned by company insiders.
About Estee Lauder Companies
The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.
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