Marathon Asset Management LLP Has $85.57 Million Holdings in Estee Lauder Companies Inc (EL)

Marathon Asset Management LLP trimmed its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 22.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 672,536 shares of the company’s stock after selling 199,705 shares during the quarter. Estee Lauder Companies accounts for approximately 1.3% of Marathon Asset Management LLP’s portfolio, making the stock its 27th largest holding. Marathon Asset Management LLP’s holdings in Estee Lauder Companies were worth $85,574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EL. Acrospire Investment Management LLC boosted its holdings in Estee Lauder Companies by 2,291.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after acquiring an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Estee Lauder Companies by 126.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after acquiring an additional 633 shares during the last quarter. Sun Life Financial INC boosted its holdings in Estee Lauder Companies by 16,290.0% during the 2nd quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after acquiring an additional 1,629 shares during the last quarter. Zions Bancorporation boosted its holdings in Estee Lauder Companies by 2,781.3% during the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock worth $198,000 after acquiring an additional 1,780 shares during the last quarter. Finally, CrestPoint Capital Management LLC purchased a new position in Estee Lauder Companies during the 4th quarter worth $204,000. 53.65% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $125.53, for a total transaction of $71,552,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sara E. Moss sold 4,236 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $121.62, for a total value of $515,182.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,566,381 shares of company stock worth $195,955,337. Company insiders own 16.24% of the company’s stock.

A number of research firms have issued reports on EL. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Tuesday, January 9th. DA Davidson began coverage on shares of Estee Lauder Companies in a report on Wednesday, September 27th. They set a “neutral” rating and a $115.00 price objective on the stock. Citigroup lifted their price objective on shares of Estee Lauder Companies from $111.00 to $128.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Argus boosted their price target on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, BMO Capital Markets boosted their price target on shares of Estee Lauder Companies from $107.00 to $126.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $117.33.

Shares of Estee Lauder Companies Inc (NYSE:EL) traded up $0.13 during trading on Wednesday, reaching $128.66. The company had a trading volume of 1,618,900 shares, compared to its average volume of 1,503,750. Estee Lauder Companies Inc has a fifty-two week low of $78.36 and a fifty-two week high of $132.49. The company has a market cap of $48,610.00, a PE ratio of 34.77, a P/E/G ratio of 2.47 and a beta of 0.71. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. research analysts predict that Estee Lauder Companies Inc will post 4.17 earnings per share for the current fiscal year.

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About Estee Lauder Companies

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

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