Federated Investors Inc. PA cut its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,710 shares of the company’s stock after selling 953 shares during the period. Federated Investors Inc. PA’s holdings in Estee Lauder Companies were worth $437,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in EL. Advisory Services Network LLC boosted its stake in shares of Estee Lauder Companies by 1.1% in the third quarter. Advisory Services Network LLC now owns 1,385 shares of the company’s stock worth $123,000 after buying an additional 15 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Estee Lauder Companies by 0.6% in the third quarter. Parkside Financial Bank & Trust now owns 1,448 shares of the company’s stock worth $128,000 after buying an additional 8 shares during the last quarter. Elgethun Capital Management bought a new stake in shares of Estee Lauder Companies during the fourth quarter worth about $112,000. Penserra Capital Management LLC boosted its stake in shares of Estee Lauder Companies by 95.7% in the third quarter. Penserra Capital Management LLC now owns 1,538 shares of the company’s stock worth $136,000 after buying an additional 752 shares during the last quarter. Finally, FTB Advisors Inc. boosted its stake in shares of Estee Lauder Companies by 1.1% in the third quarter. FTB Advisors Inc. now owns 1,637 shares of the company’s stock worth $142,000 after buying an additional 18 shares during the last quarter. 55.53% of the stock is owned by institutional investors and hedge funds.
Estee Lauder Companies Inc (NYSE:EL) traded down 0.99% during trading on Friday, reaching $85.18. The company had a trading volume of 1,590,488 shares. The firm’s 50 day moving average price is $84.98 and its 200 day moving average price is $82.24. Estee Lauder Companies Inc has a 12-month low of $75.29 and a 12-month high of $97.48. The firm has a market capitalization of $31.21 billion, a PE ratio of 29.43 and a beta of 0.86.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.05. The company earned $3.21 billion during the quarter, compared to analyst estimates of $3.26 billion. Estee Lauder Companies had a return on equity of 32.36% and a net margin of 9.50%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.22 earnings per share. Analysts anticipate that Estee Lauder Companies Inc will post $3.32 earnings per share for the current year.
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A number of research analysts have recently commented on the company. Zacks Investment Research lowered Estee Lauder Companies from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and set a $91.00 price target (up from $87.00) on shares of Estee Lauder Companies in a report on Tuesday. Goldman Sachs Group Inc upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $85.00 to $103.00 in a report on Tuesday, April 4th. Vetr upgraded Estee Lauder Companies from a “buy” rating to a “strong-buy” rating and set a $94.75 target price for the company in a research note on Monday, April 3rd. Finally, Royal Bank of Canada set a $100.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a research note on Saturday, March 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Estee Lauder Companies presently has a consensus rating of “Buy” and an average target price of $96.73.
In other news, insider John Demsey sold 20,322 shares of Estee Lauder Companies stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $82.07, for a total value of $1,667,826.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Tracey Thomas Travis sold 6,558 shares of Estee Lauder Companies stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $81.16, for a total value of $532,247.28. Following the completion of the transaction, the chief financial officer now owns 29,467 shares in the company, valued at approximately $2,391,541.72. The disclosure for this sale can be found here. Insiders have sold 72,260 shares of company stock worth $6,047,678 in the last 90 days. Company insiders own 16.98% of the company’s stock.
Estee Lauder Companies Company Profile
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.
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