The Alaska State Department of Revenue reduced its position in shares of The Estée Lauder Companies Inc. (NYSE: EL – Get Rating) by 3.1% in the first quarter, the company says in its latest filing. 13F with the Securities and Exchange Commission. . The institutional investor owned 39,822 shares of the company after selling 1,295 shares during the period. Alaska State Department of Revenue holdings in Estée Lauder companies were worth $10,843,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently increased or reduced their stakes in the company. Triangle Securities Wealth Management increased its stake in Estée Lauder Companies by 1.3% in the 4th quarter. Triangle Securities Wealth Management now owns 2,515 shares of the company valued at $931,000 after purchasing 33 additional shares during the period. Harbor Investment Advisory LLC increased its position in Estée Lauder Companies shares by 73.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 80 shares of the company worth $30,000 after acquiring 34 additional shares in the last quarter. Corbett Road Capital Management LLC increased its stake in Estée Lauder Companies by 2.7% in the fourth quarter. Corbett Road Capital Management LLC now owns 1,302 shares of the company valued at $482,000 after acquiring 34 additional shares in the last quarter. IFP Advisors Inc increased its stake in Estée Lauder Companies by 7.7% in the fourth quarter. IFP Advisors Inc now owns 491 shares of the company valued at $182,000 after acquiring 35 additional shares in the last quarter. Finally, HM Payson & Co. increased its position in Estée Lauder Companies by 4.7% during the third quarter. HM Payson & Co. now owns 803 shares of the company valued at $241,000 after buying 36 more shares in the last quarter. 58.85% of the shares are currently held by hedge funds and other institutional investors.
EL shares opened at $270.20 on Friday. The Estée Lauder Companies Inc. has a 1-year low of $225.39 and a 1-year high of $374.20. The company has a current ratio of 1.75, a quick ratio of 1.23 and a debt ratio of 0.84. The stock has a market capitalization of $96.56 billion, a price/earnings ratio of 29.56, a PEG ratio of 3.50 and a beta of 1.04. The stock has a 50-day moving average of $250.15 and a 200-day moving average of $287.79.
Estée Lauder Companies (NYSE:EL – Get Rating) last reported results on Tuesday, May 3. The company reported earnings per share of $1.90 for the quarter, beating consensus analyst estimates of $1.66 by $0.24. The company posted revenue of $4.25 billion in the quarter, versus a consensus estimate of $4.32 billion. Estée Lauder Companies achieved a net margin of 18.53% and a return on equity of 45.06%. The company’s revenue for the quarter increased by 9.9% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $1.62. Sell-side analysts expect The Estée Lauder Companies Inc. to post earnings per share of 7.15 for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Tuesday, May 31 received a dividend of $0.60 per share. This represents a dividend of $2.40 on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, May 27. The Estée Lauder Companies dividend payout ratio is currently 26.26%.
EL has been the subject of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and posted a $300.00 price target on Estée Lauder Companies stock in a research note on Tuesday, May 31. StockNews.com began covering Estée Lauder companies in a research note on Thursday, March 31. They set a “holding” rating for the company. Edward Jones moved Estée Lauder Companies shares from a “hold” rating to a “buy” rating in a Wednesday, April 27, report. Raymond James cut his price target on Estée Lauder Companies shares from $345.00 to $320.00 in a Wednesday, May 4, report. Finally, Wells Fargo & Company lowered its price target on Estée Lauder Companies stock from $310.00 to $290.00 in a Wednesday, May 4 research note. Four analysts gave the stock a hold rating, sixteen gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, Estée Lauder Companies currently has an average rating of “Moderate Buy” and a consensus target price of $338.60.
In other Estée Lauder Companies news, Director Charlene Barshefsky sold 1,158 Estée Lauder Companies shares in a trade that took place on Wednesday, May 11. The stock was sold at an average price of $238.34, for a total value of $275,997.72. Following the completion of the sale, the administrator now directly owns 46,828 shares of the company, valued at $11,160,985.52. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Executive Vice President Carl P. Haney sold 548 shares of the company in a transaction that took place on Friday, June 3. The shares were sold at an average price of $263.88, for a total value of $144,606.24. Following the completion of the transaction, the executive vice president now directly owns 3,296 shares of the company, valued at $869,748.48. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 3,671 shares of the company worth $888,117. 13.95% of the shares are held by insiders of the company.
Estée Lauder Companies Company Profile (Get a rating)
The Estée Lauder Companies Inc manufactures, markets and sells skin care, makeup, fragrance and hair care products worldwide. The Company offers a range of skin care products including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, face masks , cleaning appliances and sun care products; and make-up products, such as lipsticks, lip glosses, mascaras, foundations, eye shadows, nail polishes and powders, as well as compacts, brushes and others makeup tools.
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