AMP Capital Investors Ltd boosted its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,642 shares of the company’s stock after buying an additional 17,115 shares during the period. AMP Capital Investors Ltd owned approximately 0.06% of Estee Lauder Companies worth $29,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. CSat Investment Advisory L.P. acquired a new position in shares of Estee Lauder Companies in the second quarter valued at about $106,000. Itau Unibanco Holding S.A. increased its holdings in shares of Estee Lauder Companies by 400.6% in the second quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock valued at $114,000 after purchasing an additional 637 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in shares of Estee Lauder Companies in the second quarter valued at about $144,000. Institutional & Family Asset Management LLC acquired a new position in shares of Estee Lauder Companies in the first quarter valued at about $153,000. Finally, Perennial Advisors LLC increased its holdings in shares of Estee Lauder Companies by 64.3% in the second quarter. Perennial Advisors LLC now owns 1,150 shares of the company’s stock valued at $164,000 after purchasing an additional 450 shares during the period. 56.33% of the stock is currently owned by institutional investors.
NYSE EL opened at $138.68 on Friday. The company has a market capitalization of $51.45 billion, a PE ratio of 30.75, a PEG ratio of 2.17 and a beta of 0.63. Estee Lauder Companies Inc has a 1-year low of $106.00 and a 1-year high of $158.80. The company has a current ratio of 1.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 20th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.05. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.25 billion. Estee Lauder Companies had a return on equity of 36.09% and a net margin of 8.10%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. research analysts predict that Estee Lauder Companies Inc will post 4.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.10%. Estee Lauder Companies’s dividend payout ratio is presently 33.70%.
A number of research analysts have recently weighed in on the company. Jefferies Financial Group set a $145.00 price objective on Estee Lauder Companies and gave the company a “hold” rating in a report on Friday, June 29th. Morgan Stanley raised Estee Lauder Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $159.00 to $160.00 in a report on Tuesday, August 28th. Piper Jaffray Companies increased their price objective on Estee Lauder Companies from $149.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, June 18th. Deutsche Bank cut their price objective on Estee Lauder Companies to $159.00 and set a “buy” rating on the stock in a report on Tuesday, August 21st. Finally, Oppenheimer cut their price objective on Estee Lauder Companies from $170.00 to $148.00 and set an “outperform” rating on the stock in a report on Tuesday, August 14th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $146.34.
In related news, Director Jane Lauder sold 36,334 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $133.23, for a total value of $4,840,778.82. Following the completion of the sale, the director now owns 45,037 shares of the company’s stock, valued at $6,000,279.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael O’hare sold 5,671 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $138.22, for a total value of $783,845.62. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by company insiders.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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