AMF Tjanstepension AB Boosts Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

AMF Tjanstepension AB raised its position in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 46.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,991 shares of the company’s stock after purchasing an additional 54,182 shares during the quarter. AMF Tjanstepension AB’s holdings in Estée Lauder Companies were worth $46,301,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $858,734,000. BlackRock Inc. raised its position in shares of Estée Lauder Companies by 13.1% during the fourth quarter. BlackRock Inc. now owns 16,953,258 shares of the company’s stock valued at $6,276,099,000 after buying an additional 1,969,898 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Estée Lauder Companies by 238.8% during the fourth quarter. 1832 Asset Management L.P. now owns 1,200,727 shares of the company’s stock valued at $445,780,000 after buying an additional 846,290 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Estée Lauder Companies by 148.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 832,088 shares of the company’s stock valued at $305,688,000 after buying an additional 496,952 shares during the last quarter. Finally, Fundsmith LLP raised its position in shares of Estée Lauder Companies by 4.9% during the fourth quarter. Fundsmith LLP now owns 7,165,161 shares of the company’s stock valued at $2,652,543,000 after buying an additional 333,409 shares during the last quarter. Hedge funds and other institutional investors own 58.85% of the company’s stock.

Analyst Upgrades and Downgrades

EL has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Estée Lauder Companies from $355.00 to $335.00 and set a “buy” rating on the stock in a research report on Tuesday, April 5th. UBS Group boosted their price target on shares of Estée Lauder Companies to $266.00 in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $289.00 to $274.00 in a research report on Wednesday, May 4th. Piper Sandler reduced their price target on shares of Estée Lauder Companies from $380.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 19th. Finally, Oppenheimer restated an “outperform” rating and issued a $300.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, May 31st. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $333.00.

Estée Lauder Companies Stock Up 0.8 %

Shares of EL traded up $2.18 during mid-day trading on Thursday, hitting $265.60. 18,091 shares of the company traded hands, compared to its average volume of 998,544. 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 quick ratio of 1.23, a current ratio of 1.75 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $94.91 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 3.01 and a beta of 0.99. The business has a 50 day moving average of $251.42 and a 200 day moving average of $271.20.

Estée Lauder Companies (NYSE:ELGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.66 by $0.24. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 7.14 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, May 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 26.26%.

Insiders Place Their Bets

In related news, Director Charlene Barshefsky sold 1,158 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was 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 directly owns 46,828 shares of the company’s stock, valued at approximately $11,160,985.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Carl P. Haney sold 548 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $263.88, for a total transaction of $144,606.24. Following the completion of the sale, the executive vice president now owns 3,296 shares in the company, valued at $869,748.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charlene Barshefsky sold 1,158 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $238.34, for a total value of $275,997.72. Following the transaction, the director now directly owns 46,828 shares in the company, valued at approximately $11,160,985.52. The disclosure for this sale can be found here. Insiders sold 3,671 shares of company stock valued at $888,117 in the last three months. 13.95% of the stock is currently owned by insiders.

About Estée Lauder Companies

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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.

See Also

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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