Brinker Capital Inc. Purchases 3,929 Shares of Estee Lauder Companies Inc (EL)
Brinker Capital Inc. lifted its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,157 shares of the company’s stock after purchasing an additional 3,929 shares during the quarter. Brinker Capital Inc.’s holdings in Estee Lauder Companies were worth $6,648,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc boosted its stake in Estee Lauder Companies by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 16,758,108 shares of the company’s stock valued at $2,435,289,000 after buying an additional 117,152 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $1,022,019,000 after purchasing an additional 3,716,962 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Estee Lauder Companies by 6,015.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after purchasing an additional 6,784,090 shares in the last quarter. Fundsmith LLP boosted its stake in Estee Lauder Companies by 6.7% in the fourth quarter. Fundsmith LLP now owns 6,275,561 shares of the company’s stock worth $911,965,000 after purchasing an additional 394,564 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in Estee Lauder Companies by 13.3% in the fourth quarter. Brown Advisory Inc. now owns 2,663,631 shares of the company’s stock worth $346,538,000 after purchasing an additional 311,836 shares in the last quarter. 53.73% of the stock is currently owned by institutional investors.
In other news, insider John Demsey sold 11,179 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $136.02, for a total transaction of $1,520,567.58. Following the transaction, the insider now owns 10,288 shares in the company, valued at $1,399,373.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Lal Family Partners Lp sold 235,000 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $157.87, for a total value of $37,099,450.00. The disclosure for this sale can be found here. Insiders sold 574,507 shares of company stock worth $89,174,250 in the last 90 days. Corporate insiders own 16.13% of the company’s stock.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a return on equity of 40.38% and a net margin of 11.49%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that Estee Lauder Companies Inc will post 5.07 EPS for the current year.
EL has been the subject of a number of recent research reports. Piper Jaffray Companies restated a “buy” rating and set a $151.00 target price on shares of Estee Lauder Companies in a research report on Monday, December 31st. Citigroup upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $155.00 in a research report on Wednesday, January 2nd. Goldman Sachs Group downgraded Estee Lauder Companies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $171.00 to $116.00 in a research report on Tuesday, January 8th. Wells Fargo & Co downgraded Estee Lauder Companies from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $165.00 to $135.00 in a research report on Thursday, January 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Monday, January 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $163.13.
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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.
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