Geode Capital Management LLC Purchases 108,813 Shares of Estee Lauder Companies Inc (EL)
Geode Capital Management LLC lifted its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,426,219 shares of the company’s stock after acquiring an additional 108,813 shares during the quarter. Geode Capital Management LLC’s holdings in Estee Lauder Companies were worth $308,079,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in EL. Raymond James Financial Services Advisors Inc. grew its stake in shares of Estee Lauder Companies by 6.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 133,334 shares of the company’s stock worth $14,379,000 after purchasing an additional 8,642 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Estee Lauder Companies during the third quarter worth $2,877,000. Westpac Banking Corp grew its stake in shares of Estee Lauder Companies by 15.0% during the third quarter. Westpac Banking Corp now owns 15,421 shares of the company’s stock worth $1,663,000 after purchasing an additional 2,008 shares during the period. Andra AP fonden grew its stake in shares of Estee Lauder Companies by 11.2% during the third quarter. Andra AP fonden now owns 23,800 shares of the company’s stock worth $2,567,000 after purchasing an additional 2,400 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Estee Lauder Companies by 0.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 320,769 shares of the company’s stock worth $34,592,000 after purchasing an additional 1,850 shares during the period. Institutional investors own 53.64% of the company’s stock.
Estee Lauder Companies Inc (NYSE:EL) opened at $140.65 on Monday. Estee Lauder Companies Inc has a 52 week low of $81.69 and a 52 week high of $143.63. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $51,727.69, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.69.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.08%. Estee Lauder Companies’s dividend payout ratio is currently 52.78%.
A number of equities research analysts recently commented on EL shares. Macquarie lifted their price objective on Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research note on Thursday, December 21st. Deutsche Bank started coverage on Estee Lauder Companies in a research note on Wednesday, December 13th. They set a “hold” rating and a $134.00 price objective for the company. Zacks Investment Research cut Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Oppenheimer lifted their price objective on Estee Lauder Companies from $130.00 to $148.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 23rd. Finally, Jefferies Group set a $140.00 price objective on Estee Lauder Companies and gave the stock a “buy” rating in a research note on Friday, December 1st. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Estee Lauder Companies currently has an average rating of “Buy” and a consensus target price of $129.83.
In other news, CFO Tracey Thomas Travis sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total transaction of $685,100.00. Following the completion of the transaction, the chief financial officer now directly owns 24,467 shares of the company’s stock, valued at $3,352,468.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sara E. Moss sold 30,044 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $140.40, for a total value of $4,218,177.60. The disclosure for this sale can be found here. Insiders have sold 248,453 shares of company stock valued at $33,517,643 over the last ninety days. 16.24% of the stock is owned by insiders.
About Estee Lauder Companies
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.
Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies Inc (NYSE:EL).
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.