AMP Capital Investors Ltd Cuts Holdings in Estee Lauder Companies Inc (EL)

AMP Capital Investors Ltd cut its stake in Estee Lauder Companies Inc (NYSE:EL) by 30.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,605 shares of the company’s stock after selling 64,037 shares during the quarter. AMP Capital Investors Ltd’s holdings in Estee Lauder Companies were worth $20,985,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Estee Lauder Companies by 0.9% in the second quarter. BlackRock Inc. now owns 16,282,787 shares of the company’s stock valued at $2,323,392,000 after purchasing an additional 150,268 shares during the period. JPMorgan Chase & Co. raised its position in Estee Lauder Companies by 112.1% in the third quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock valued at $1,022,019,000 after purchasing an additional 3,716,962 shares during the period. Janus Henderson Group PLC raised its position in Estee Lauder Companies by 15.8% in the third quarter. Janus Henderson Group PLC now owns 5,143,117 shares of the company’s stock valued at $747,400,000 after purchasing an additional 701,827 shares during the period. Fundsmith Equity Fund L.P. purchased a new position in Estee Lauder Companies in the second quarter valued at about $701,543,000. Finally, Northern Trust Corp raised its position in Estee Lauder Companies by 1.7% in the second quarter. Northern Trust Corp now owns 3,801,166 shares of the company’s stock valued at $542,387,000 after purchasing an additional 62,690 shares during the period. 57.29% of the stock is currently owned by institutional investors.

NYSE:EL opened at $142.66 on Friday. The stock has a market capitalization of $51.34 billion, a P/E ratio of 31.63, a PEG 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. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.75 and a quick ratio of 1.28.

Estee Lauder Companies (NYSE:EL) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $3.48 billion. Estee Lauder Companies had a return on equity of 38.29% and a net margin of 8.48%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $1.21 earnings per share. On average, analysts predict that Estee Lauder Companies Inc will post 4.83 EPS for the current year.

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

In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 4,781 shares of Estee Lauder Companies stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $145.02, for a total value of $693,340.62. Following the completion of the transaction, the executive vice president now directly owns 18,584 shares in the company, valued at $2,695,051.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ronald S. Foundation Lauder sold 15,000 shares of Estee Lauder Companies stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $142.73, for a total value of $2,140,950.00. The disclosure for this sale can be found here. Insiders sold 305,573 shares of company stock valued at $43,489,454 over the last quarter. Insiders own 16.13% of the company’s stock.

A number of analysts have recently issued reports on EL shares. Deutsche Bank dropped their target price on Estee Lauder Companies to $159.00 and set a “buy” rating on the stock in a research report on Tuesday, August 21st. JPMorgan Chase & Co. set a $154.00 target price on Estee Lauder Companies and gave the stock a “buy” rating in a research report on Tuesday, August 21st. DA Davidson raised Estee Lauder Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $134.00 to $167.00 in a research report on Tuesday, August 21st. Piper Jaffray Companies set a $162.00 target price on Estee Lauder Companies and gave the stock a “buy” rating in a research report on Thursday, August 16th. Finally, Stifel Nicolaus dropped their target price on 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 research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $146.77.

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About Estee Lauder Companies

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.

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

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