Cipher Capital LP lifted its stake in Estee Lauder Companies Inc (NYSE:EL) by 376.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,106 shares of the company’s stock after purchasing an additional 19,842 shares during the period. Cipher Capital LP’s holdings in Estee Lauder Companies were worth $3,267,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. HC Financial Advisors Inc. bought a new position in Estee Lauder Companies during the third quarter worth about $975,000. Victory Capital Management Inc. lifted its holdings in Estee Lauder Companies by 8.6% during the third quarter. Victory Capital Management Inc. now owns 30,187 shares of the company’s stock worth $4,387,000 after acquiring an additional 2,381 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Estee Lauder Companies by 18.7% during the third quarter. Commonwealth Equity Services LLC now owns 10,547 shares of the company’s stock worth $1,532,000 after acquiring an additional 1,664 shares in the last quarter. ING Groep NV bought a new position in Estee Lauder Companies during the third quarter worth about $442,000. Finally, JPMorgan Chase & Co. lifted its holdings in Estee Lauder Companies by 112.1% during the third quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock worth $1,022,019,000 after acquiring an additional 3,716,962 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.
Shares of EL stock opened at $160.70 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 1.27. The company has a market capitalization of $58.91 billion, a P/E ratio of 35.63, a P/E/G ratio of 2.59 and a beta of 0.72. Estee Lauder Companies Inc has a 1 year low of $121.47 and a 1 year high of $163.79.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 38.14%.
In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 25,296 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $158.71, for a total transaction of $4,014,728.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fabrizio Freda sold 98,262 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $152.20, for a total value of $14,955,476.40. Following the sale, the chief executive officer now owns 171,436 shares of the company’s stock, valued at $26,092,559.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 600,774 shares of company stock valued at $91,688,069. 16.13% of the stock is currently owned by corporate insiders.
EL has been the topic of several recent analyst reports. Goldman Sachs Group lowered Estee Lauder Companies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $171.00 to $116.00 in a report on Tuesday, January 8th. Citigroup upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $145.00 to $155.00 in a report on Wednesday, January 2nd. ValuEngine upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Wells Fargo & Co lowered Estee Lauder Companies from an “outperform” rating to a “market perform” rating and cut their price target for the company from $165.00 to $135.00 in a report on Thursday, January 10th. They noted that the move was a valuation call. Finally, Berenberg Bank lowered Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $156.55.
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Estee Lauder Companies Company 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.
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