Estee Lauder Companies Inc (EL) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 9.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 326,098 shares of the company’s stock after selling 32,265 shares during the period. Estee Lauder Companies comprises about 1.1% of Segall Bryant & Hamill LLC’s holdings, making the stock its 21st biggest position. Segall Bryant & Hamill LLC owned about 0.09% of Estee Lauder Companies worth $48,823,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EL. JPMorgan Chase & Co. increased its holdings in Estee Lauder Companies by 332.8% during the first quarter. JPMorgan Chase & Co. now owns 3,505,185 shares of the company’s stock worth $524,797,000 after buying an additional 2,695,358 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of Estee Lauder Companies by 187.1% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,567,264 shares of the company’s stock worth $234,650,000 after purchasing an additional 1,021,345 shares in the last quarter. BlackRock Inc. increased its stake in shares of Estee Lauder Companies by 6.4% in the fourth quarter. BlackRock Inc. now owns 15,790,395 shares of the company’s stock worth $2,009,170,000 after purchasing an additional 944,997 shares in the last quarter. Millennium Management LLC increased its stake in shares of Estee Lauder Companies by 236.1% in the fourth quarter. Millennium Management LLC now owns 773,422 shares of the company’s stock worth $98,410,000 after purchasing an additional 543,303 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake in shares of Estee Lauder Companies by 30,529.4% in the fourth quarter. Glenmede Trust Co. NA now owns 544,590 shares of the company’s stock worth $69,292,000 after purchasing an additional 542,812 shares in the last quarter. Institutional investors and hedge funds own 54.38% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating on shares of Estee Lauder Companies in a research note on Wednesday, April 18th. Wells Fargo & Co lifted their target price on shares of Estee Lauder Companies from $150.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, April 19th. Oppenheimer lifted their target price on shares of Estee Lauder Companies from $148.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, April 12th. Morgan Stanley lifted their target price on shares of Estee Lauder Companies from $147.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, April 5th. Finally, Zacks Investment Research downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $143.63.

Estee Lauder Companies traded up $0.73, hitting $156.35, during mid-day trading on Thursday, Marketbeat.com reports. 10,663 shares of the company traded hands, compared to its average volume of 1,886,640. Estee Lauder Companies Inc has a one year low of $93.45 and a one year high of $157.64. The firm has a market cap of $56.91 billion, a PE ratio of 45.05, a PEG ratio of 2.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 1.37.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, May 2nd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.10. Estee Lauder Companies had a net margin of 8.67% and a return on equity of 35.88%. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the business posted $0.91 earnings per share. Estee Lauder Companies’s revenue for the quarter was up 18.0% on a year-over-year basis. research analysts anticipate that Estee Lauder Companies Inc will post 4.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.52 annualized dividend and a yield of 0.97%. Estee Lauder Companies’s payout ratio is presently 43.80%.

In other news, EVP Gregory Polcer sold 40,797 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $150.00, for a total value of $6,119,550.00. Following the completion of the sale, the executive vice president now directly owns 110,706 shares in the company, valued at approximately $16,605,900. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 16.24% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies Inc (NYSE:EL).

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

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit