BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 53.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,160 shares of the company’s stock after selling 76,979 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Estee Lauder Companies were worth $9,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Estee Lauder Companies by 0.9% during the 2nd quarter. BlackRock Inc. now owns 16,282,787 shares of the company’s stock valued at $2,323,392,000 after buying an additional 150,268 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Estee Lauder Companies by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock valued at $1,022,019,000 after buying an additional 3,716,962 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Estee Lauder Companies by 15.8% during the 3rd quarter. Janus Henderson Group PLC now owns 5,143,117 shares of the company’s stock valued at $747,400,000 after buying an additional 701,827 shares in the last quarter. Fundsmith Equity Fund L.P. purchased a new position in shares of Estee Lauder Companies during the 2nd quarter valued at approximately $701,543,000. Finally, Northern Trust Corp lifted its position in shares of Estee Lauder Companies by 1.7% during the 2nd quarter. Northern Trust Corp now owns 3,801,166 shares of the company’s stock valued at $542,387,000 after buying an additional 62,690 shares in the last quarter. 55.98% of the stock is currently owned by institutional investors and hedge funds.

In other Estee Lauder Companies news, CFO Tracey Thomas Travis sold 7,406 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $142.19, for a total value of $1,053,059.14. Following the completion of the sale, the chief financial officer now directly owns 32,764 shares of the company’s stock, valued at approximately $4,658,713.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $137.57, for a total value of $233,869.00. Following the completion of the sale, the director now directly owns 15,040 shares of the company’s stock, valued at $2,069,052.80. The disclosure for this sale can be found here. Insiders sold a total of 262,907 shares of company stock valued at $37,950,946 over the last ninety days. Corporate insiders own 16.13% of the company’s stock.

A number of brokerages have weighed in on EL. Zacks Investment Research lowered Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a report on Monday, October 1st. JPMorgan Chase & Co. set a $154.00 price objective on Estee Lauder Companies and gave the company a “buy” rating in a report on Tuesday, August 21st. DA Davidson upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $134.00 to $167.00 in a report on Tuesday, August 21st. Piper Jaffray Companies set a $156.00 price objective on Estee Lauder Companies and gave the company an “overweight” rating in a report on Tuesday, August 21st. Finally, Raymond James raised their price objective on Estee Lauder Companies from $145.00 to $151.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $146.77.

Shares of EL opened at $141.39 on Friday. Estee Lauder Companies Inc has a 52-week low of $121.93 and a 52-week high of $158.80. The firm has a market capitalization of $52.28 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.50 and a beta of 0.65. 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 issued its earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.19. Estee Lauder Companies had a return on equity of 38.29% and a net margin of 8.48%. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the company earned $1.21 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts forecast that Estee Lauder Companies Inc will post 4.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.22%. Estee Lauder Companies’s dividend payout ratio (DPR) is 38.14%.

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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.

Further Reading: What is Net Asset Value (NAV)?

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

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