Shell Asset Management Co. Sells 1,060 Shares of Estee Lauder Companies Inc (EL)

Shell Asset Management Co. trimmed its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 5.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,122 shares of the company’s stock after selling 1,060 shares during the quarter. Shell Asset Management Co.’s holdings in Estee Lauder Companies were worth $2,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Estee Lauder Companies by 0.9% during the 2nd quarter. BlackRock Inc. now owns 16,282,787 shares of the company’s stock valued at $2,323,392,000 after buying an additional 150,268 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Estee Lauder Companies by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock valued at $1,022,019,000 after buying an additional 3,716,962 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Estee Lauder Companies by 15.8% during the 3rd quarter. Janus Henderson Group PLC now owns 5,143,117 shares of the company’s stock valued at $747,400,000 after buying an additional 701,827 shares in the last quarter. Fundsmith Equity Fund L.P. purchased a new stake in shares of Estee Lauder Companies during the 2nd quarter valued at about $701,543,000. Finally, Northern Trust Corp raised its position in shares of Estee Lauder Companies by 1.7% during the 2nd quarter. Northern Trust Corp now owns 3,801,166 shares of the company’s stock valued at $542,387,000 after buying an additional 62,690 shares in the last quarter. Hedge funds and other institutional investors own 57.29% of the company’s stock.

Shares of EL stock opened at $142.66 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.28 and a current ratio of 1.75. The stock has a market capitalization of $51.34 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 2.46 and a beta of 0.66. Estee Lauder Companies Inc has a one year low of $121.93 and a one year high of $158.80.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, October 31st. The company reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.19. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.48 billion. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. On average, equities analysts forecast that Estee Lauder Companies Inc will post 4.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a $0.43 dividend. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, November 29th. Estee Lauder Companies’s dividend payout ratio is currently 38.14%.

In other news, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $137.57, for a total transaction of $233,869.00. Following the transaction, the director now directly owns 15,040 shares in the company, valued at $2,069,052.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alexandra C. Trower sold 4,781 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $145.02, for a total transaction of $693,340.62. Following the transaction, the executive vice president now owns 18,584 shares in the company, valued at $2,695,051.68. The disclosure for this sale can be found here. Insiders sold a total of 305,573 shares of company stock worth $43,489,454 over the last 90 days. Insiders own 16.13% of the company’s stock.

EL has been the topic of several recent research reports. Wells Fargo & Co decreased their target price on shares of Estee Lauder Companies from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 17th. JPMorgan Chase & Co. lowered shares of Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $138.00 price objective on the stock. in a research report on Friday, October 12th. Citigroup reduced their price objective on shares of Estee Lauder Companies from $158.00 to $149.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 21st. Atlantic Securities initiated coverage on shares of Estee Lauder Companies in a research report on Thursday, September 20th. They issued an “overweight” rating and a $162.00 price objective on the stock. Finally, Stifel Nicolaus reduced their price objective on shares of Estee Lauder Companies from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 15th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $146.77.

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Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

Further Reading: What is a Derivative?

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)

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