Wakefield Asset Management LLLP Acquires 15,300 Shares of Estee Lauder Companies Inc (EL)

Wakefield Asset Management LLLP lifted its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 139,090.9% in the fourth quarter, HoldingsChannel reports. The firm owned 15,311 shares of the company’s stock after acquiring an additional 15,300 shares during the period. Wakefield Asset Management LLLP’s holdings in Estee Lauder Companies were worth $1,992,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EL. Oregon Public Employees Retirement Fund increased its stake in shares of Estee Lauder Companies by 6,015.8% during the 4th 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. JPMorgan Chase & Co. increased its stake 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 worth $1,022,019,000 after purchasing an additional 3,716,962 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in shares of Estee Lauder Companies by 673,732.9% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,125,301 shares of the company’s stock worth $146,401,000 after purchasing an additional 1,125,134 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Estee Lauder Companies by 242.1% during the 3rd quarter. Renaissance Technologies LLC now owns 1,246,700 shares of the company’s stock worth $181,170,000 after purchasing an additional 882,300 shares in the last quarter. Finally, Standard Life Aberdeen plc increased its stake in shares of Estee Lauder Companies by 44.4% during the 4th quarter. Standard Life Aberdeen plc now owns 1,473,435 shares of the company’s stock worth $189,285,000 after purchasing an additional 453,075 shares in the last quarter. 53.67% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE EL traded down $0.22 during trading on Monday, hitting $159.28. 9,610 shares of the company traded hands, compared to its average volume of 1,581,588. Estee Lauder Companies Inc has a 1 year low of $121.47 and a 1 year high of $163.79. The stock has a market capitalization of $57.61 billion, a PE ratio of 35.30, a P/E/G ratio of 2.54 and a beta of 0.72. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.78.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the company earned $1.52 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts expect that Estee Lauder Companies Inc will post 5.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were paid a dividend of $0.43 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.

EL has been the subject of a number of recent research reports. Citigroup raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $155.00 in a research note on Wednesday, January 2nd. Telsey Advisory Group lifted their target price on shares of Estee Lauder Companies from $170.00 to $179.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Goldman Sachs Group cut shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $171.00 to $116.00 in a research note on Tuesday, January 8th. Zacks Investment Research cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Finally, Wells Fargo & Co cut shares of Estee Lauder Companies from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $165.00 to $135.00 in a research note on Thursday, January 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $156.55.

In related news, EVP Alexandra C. Trower sold 25,296 shares of Estee Lauder Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $158.71, for a total transaction of $4,014,728.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 1,500 shares of Estee Lauder Companies stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $155.31, for a total transaction of $232,965.00. The disclosure for this sale can be found here. Insiders have sold a total of 600,774 shares of company stock valued at $91,688,069 over the last three months. Corporate insiders own 16.13% of the company’s stock.

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About Estee Lauder Companies

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

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