HWG Holdings LP Raises Holdings in Estee Lauder Companies Inc (NYSE:EL)

HWG Holdings LP boosted its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,972 shares of the company’s stock after buying an additional 170 shares during the quarter. Estee Lauder Companies makes up approximately 0.8% of HWG Holdings LP’s investment portfolio, making the stock its 23rd biggest holding. HWG Holdings LP’s holdings in Estee Lauder Companies were worth $1,027,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EL. United Bank grew its holdings in Estee Lauder Companies by 5.9% in the second quarter. United Bank now owns 3,037 shares of the company’s stock worth $556,000 after purchasing an additional 169 shares during the last quarter. Schroder Investment Management Group grew its holdings in Estee Lauder Companies by 9.9% in the second quarter. Schroder Investment Management Group now owns 521,232 shares of the company’s stock worth $95,443,000 after purchasing an additional 46,765 shares during the last quarter. Cetera Advisor Networks LLC grew its holdings in Estee Lauder Companies by 9.5% in the second quarter. Cetera Advisor Networks LLC now owns 2,363 shares of the company’s stock worth $432,000 after purchasing an additional 205 shares during the last quarter. Glen Harbor Capital Management LLC grew its holdings in Estee Lauder Companies by 37.2% in the second quarter. Glen Harbor Capital Management LLC now owns 14,752 shares of the company’s stock worth $2,701,000 after purchasing an additional 4,000 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Estee Lauder Companies by 5.2% in the second quarter. D.A. Davidson & CO. now owns 2,488 shares of the company’s stock worth $456,000 after purchasing an additional 123 shares during the last quarter. 55.17% of the stock is currently owned by institutional investors.

Several research firms have issued reports on EL. Oppenheimer lifted their price target on shares of Estee Lauder Companies from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley reaffirmed a “buy” rating on shares of Estee Lauder Companies in a report on Friday, November 1st. Berenberg Bank began coverage on shares of Estee Lauder Companies in a report on Wednesday, October 16th. They issued a “buy” rating and a $230.00 price target on the stock. ValuEngine lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $202.00 price target (down from $216.00) on shares of Estee Lauder Companies in a report on Friday, November 1st. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Estee Lauder Companies presently has an average rating of “Buy” and an average target price of $205.38.

In related news, EVP Gregory Polcer sold 2,997 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $185.43, for a total transaction of $555,733.71. Following the completion of the transaction, the executive vice president now directly owns 85,723 shares in the company, valued at $15,895,615.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Fabrizio Freda sold 16,479 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $184.08, for a total transaction of $3,033,454.32. Following the transaction, the chief executive officer now owns 83,348 shares of the company’s stock, valued at $15,342,699.84. The disclosure for this sale can be found here. Insiders have sold 46,240 shares of company stock worth $8,621,216 over the last three months. Corporate insiders own 14.68% of the company’s stock.

Shares of EL traded up $1.79 during trading hours on Thursday, reaching $209.51. 24,073 shares of the company traded hands, compared to its average volume of 1,115,004. The stock has a market capitalization of $74.14 billion, a P/E ratio of 39.25, a P/E/G ratio of 2.70 and a beta of 0.78. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. Estee Lauder Companies Inc has a 12-month low of $121.47 and a 12-month high of $209.39. The business has a fifty day moving average price of $201.22 and a 200-day moving average price of $192.93.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.85 billion. Estee Lauder Companies had a net margin of 12.34% and a return on equity of 46.14%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share. As a group, research analysts predict that Estee Lauder Companies Inc will post 5.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.92%. Estee Lauder Companies’s payout ratio is 35.96%.

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.

Read More: Debt-To-Equity Ratio

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

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