Redwood Investments LLC reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,221 shares of the company’s stock after selling 56 shares during the quarter. Redwood Investments LLC’s holdings in Estée Lauder Companies were worth $1,694,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in Estée Lauder Companies in the fourth quarter valued at approximately $25,000. American National Bank lifted its holdings in Estée Lauder Companies by 147.6% in the first quarter. American National Bank now owns 104 shares of the company’s stock valued at $28,000 after buying an additional 62 shares during the period. Icapital Wealth LLC acquired a new position in Estée Lauder Companies in the first quarter valued at approximately $29,000. Harbor Investment Advisory LLC lifted its holdings in Estée Lauder Companies by 73.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock valued at $30,000 after buying an additional 34 shares during the period. Finally, Mascoma Wealth Management LLC lifted its holdings in Estée Lauder Companies by 8,400.0% in the fourth quarter. Mascoma Wealth Management LLC now owns 85 shares of the company’s stock valued at $31,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 58.85% of the company’s stock.
Several equities research analysts have weighed in on EL shares. JPMorgan Chase & Co. cut their target price on shares of Estée Lauder Companies from $338.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. Wells Fargo & Company cut their target price on shares of Estée Lauder Companies from $310.00 to $290.00 in a report on Wednesday, May 4th. Raymond James cut their target price on shares of Estée Lauder Companies from $345.00 to $320.00 in a report on Wednesday, May 4th. Royal Bank of Canada cut their target price on shares of Estée Lauder Companies from $361.00 to $322.00 in a report on Wednesday, May 4th. Finally, Edward Jones upgraded shares of Estée Lauder Companies from a “hold” rating to a “buy” rating in a report on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.60.
Estée Lauder Companies (NYSE:EL – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.24. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the firm posted $1.62 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 7.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, May 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 26.26%.
In related news, Director Charlene Barshefsky sold 1,158 shares of Estée Lauder Companies stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $238.34, for a total transaction of $275,997.72. Following the completion of the sale, the director now owns 46,828 shares of the company’s stock, valued at approximately $11,160,985.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carl P. Haney sold 548 shares of Estée Lauder Companies stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $263.88, for a total transaction of $144,606.24. Following the sale, the executive vice president now directly owns 3,296 shares of the company’s stock, valued at approximately $869,748.48. The disclosure for this sale can be found here. In the last three months, insiders sold 3,671 shares of company stock valued at $888,117. Insiders own 12.91% of the company’s stock.
Estée Lauder Companies Company Profile (Get 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, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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