CNB Bank Invests $141,000 in Estee Lauder Companies Inc (EL)
CNB Bank purchased a new position in Estee Lauder Companies Inc (NYSE:EL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,112 shares of the company’s stock, valued at approximately $141,000.
Several other hedge funds also recently made changes to their positions in EL. Harvest Fund Management Co. Ltd bought a new stake in shares of Estee Lauder Companies in the fourth quarter worth approximately $126,000. Cerebellum GP LLC bought a new stake in Estee Lauder Companies during the fourth quarter valued at approximately $130,000. Winslow Evans & Crocker Inc. grew its position in 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 valued at $145,000 after buying an additional 1,100 shares during the period. We Are One Seven LLC bought a new stake in Estee Lauder Companies during the fourth quarter valued at approximately $160,000. Finally, Captrust Financial Advisors bought a new stake in Estee Lauder Companies during the fourth quarter valued at approximately $186,000. Hedge funds and other institutional investors own 54.10% of the company’s stock.
Several brokerages recently issued reports on EL. Credit Suisse Group began coverage on shares of Estee Lauder Companies in a research report on Monday, March 12th. They set an “outperform” rating and a $162.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $150.00 target price (up from $145.00) on shares of Estee Lauder Companies in a research report on Tuesday, February 20th. Bank of America lifted their price target on shares of Estee Lauder Companies from $152.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 5th. ValuEngine raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Wells Fargo reaffirmed a “buy” rating and set a $150.00 price target on shares of Estee Lauder Companies in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $132.87.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Friday, February 2nd. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. research analysts expect that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Tuesday, February 27th. Estee Lauder Companies’s payout ratio is 52.78%.
In related news, CFO Tracey Thomas Travis sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $137.02, for a total transaction of $685,100.00. Following the sale, the chief financial officer now owns 24,467 shares of the company’s stock, valued at $3,352,468.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 16,447 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $138.11, for a total transaction of $2,271,495.17. Following the sale, the insider now directly owns 83,418 shares in the company, valued at approximately $11,520,859.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 248,453 shares of company stock worth $33,517,643. 16.24% of the stock is owned by insiders.
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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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