LGT Capital Partners LTD. Boosts Stake in Estee Lauder Companies Inc (EL)
LGT Capital Partners LTD. grew its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,914 shares of the company’s stock after purchasing an additional 2,854 shares during the period. Estee Lauder Companies makes up about 2.9% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 10th largest position. LGT Capital Partners LTD.’s holdings in Estee Lauder Companies were worth $31,417,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Estee Lauder Companies by 3.3% during the second quarter. Vanguard Group Inc. now owns 15,286,591 shares of the company’s stock worth $1,467,207,000 after buying an additional 485,448 shares in the last quarter. BlackRock Inc. grew its position in shares of Estee Lauder Companies by 7.4% during the second quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock worth $1,420,311,000 after buying an additional 1,022,956 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Estee Lauder Companies during the third quarter worth approximately $664,432,000. Janus Henderson Group PLC grew its position in shares of Estee Lauder Companies by 1,676.9% during the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after buying an additional 4,431,247 shares in the last quarter. Finally, Fundsmith LLP grew its position in shares of Estee Lauder Companies by 3.2% during the second quarter. Fundsmith LLP now owns 3,845,509 shares of the company’s stock worth $369,092,000 after buying an additional 118,489 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.
In other news, insider John Demsey sold 77,608 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total transaction of $9,896,572.16. Following the completion of the transaction, the insider now owns 23,305 shares of the company’s stock, valued at $2,971,853.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Sara E. Moss sold 29,873 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $121.16, for a total transaction of $3,619,412.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,566,381 shares of company stock valued at $195,955,337. 16.24% of the stock is currently owned by corporate insiders.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research report on Tuesday. DA Davidson assumed coverage on shares of Estee Lauder Companies in a research report on Wednesday, September 27th. They set a “neutral” rating and a $115.00 price target for the company. Wells Fargo & Co raised their price target on shares of Estee Lauder Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Citigroup raised their price target on shares of Estee Lauder Companies from $111.00 to $128.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Argus raised their price target on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Estee Lauder Companies currently has an average rating of “Buy” and an average target price of $117.33.
Estee Lauder Companies Inc (NYSE:EL) traded down $1.38 during trading on Thursday, reaching $130.32. 1,599,100 shares of the company’s stock were exchanged, compared to its average volume of 1,528,929. The firm has a market capitalization of $47,990.00, a P/E ratio of 35.22, a PEG ratio of 2.50 and a beta of 0.71. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Estee Lauder Companies Inc has a 1 year low of $76.34 and a 1 year high of $132.49.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. research analysts predict that Estee Lauder Companies Inc will post 4.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, November 29th. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s payout ratio is currently 41.08%.
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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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