Estee Lauder Companies Inc (EL) Shares Sold by USA Financial Portformulas Corp
USA Financial Portformulas Corp trimmed its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,009 shares of the company’s stock after selling 5,447 shares during the period. Estee Lauder Companies accounts for 1.1% of USA Financial Portformulas Corp’s holdings, making the stock its 21st biggest position. USA Financial Portformulas Corp’s holdings in Estee Lauder Companies were worth $4,455,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of EL. Jennison Associates LLC acquired a new position in shares of Estee Lauder Companies during the third quarter worth approximately $664,432,000. BlackRock Inc. raised its position in shares of Estee Lauder Companies by 6.4% during the fourth quarter. BlackRock Inc. now owns 15,790,395 shares of the company’s stock worth $2,009,170,000 after purchasing an additional 944,997 shares during the period. Investec Asset Management LTD raised its position in shares of Estee Lauder Companies by 931.2% during the third quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock worth $112,208,000 after purchasing an additional 939,600 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Estee Lauder Companies during the fourth quarter worth approximately $69,462,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Estee Lauder Companies during the fourth quarter worth approximately $67,140,000. 53.84% of the stock is currently owned by institutional investors.
Shares of Estee Lauder Companies Inc (NYSE EL) opened at $140.65 on Friday. Estee Lauder Companies Inc has a 12-month low of $81.69 and a 12-month high of $143.63. The stock has a market capitalization of $51,727.69, a price-to-earnings ratio of 48.84, a PEG ratio of 2.50 and a beta of 0.69. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio is presently 52.78%.
EL has been the topic of a number of research reports. Macquarie upped their target price on Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. Deutsche Bank began coverage on Estee Lauder Companies in a research report on Wednesday, December 13th. They issued a “hold” rating and a $134.00 price target for the company. Zacks Investment Research lowered Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. 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. Finally, Jefferies Group set a $140.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a research report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $129.83.
In other news, EVP Carl P. Haney sold 6,525 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $137.52, for a total transaction of $897,318.00. Following the completion of the transaction, the executive vice president now owns 6,525 shares in the company, valued at approximately $897,318. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Demsey sold 77,608 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $127.52, for a total value of $9,896,572.16. Following the transaction, the insider now owns 23,305 shares of the company’s stock, valued at approximately $2,971,853.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 248,453 shares of company stock valued at $33,517,643. Insiders own 16.24% of the company’s stock.
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Estee Lauder Companies Profile
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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