Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 26.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 48,355 shares of the company’s stock after buying an additional 10,177 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Estee Lauder Companies were worth $6,268,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in shares of Estee Lauder Companies by 126.1% during the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after buying an additional 633 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Estee Lauder Companies during the fourth quarter worth about $126,000. Cerebellum GP LLC bought a new position in shares of Estee Lauder Companies during the fourth quarter worth about $130,000. Winslow Evans & Crocker Inc. grew its holdings in shares of Estee Lauder Companies by 2,750.0% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock worth $145,000 after buying an additional 1,100 shares in the last quarter. Finally, Zions Bancorporation grew its holdings in shares of Estee Lauder Companies by 2,781.3% during the third quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock worth $198,000 after buying an additional 1,780 shares in the last quarter. Institutional investors and hedge funds own 54.40% of the company’s stock.
EL has been the subject of a number of research reports. DA Davidson reiterated a “hold” rating and set a $125.00 price objective on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets increased their price objective on Estee Lauder Companies from $107.00 to $126.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $145.00 price objective (down from $155.00) on shares of Estee Lauder Companies in a report on Monday. Piper Jaffray Companies set a $144.00 price objective on Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Oppenheimer increased their price target on Estee Lauder Companies from $130.00 to $148.00 and gave the company an “outperform” rating in a research report on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Estee Lauder Companies currently has a consensus rating of “Buy” and an average price target of $126.96.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the firm posted $1.22 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. equities analysts predict that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.13%. Estee Lauder Companies’s payout ratio is 52.78%.
In related news, EVP Michael O’hare sold 26,203 shares of Estee Lauder Companies stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $133.40, for a total transaction of $3,495,480.20. Following the completion of the sale, the executive vice president now directly owns 7,583 shares of the company’s stock, valued at approximately $1,011,572.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of Estee Lauder Companies stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total value of $71,670,269.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,381,341 shares of company stock valued at $173,874,552. Insiders own 16.24% of the company’s stock.
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About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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