Atlantic Trust Group LLC Reduces Position in Estee Lauder Companies Inc (EL)

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Atlantic Trust Group LLC lessened its stake in Estee Lauder Companies Inc (NYSE:EL) by 94.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 870 shares of the company’s stock after selling 14,513 shares during the period. Atlantic Trust Group LLC’s holdings in Estee Lauder Companies were worth $130,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EL. JPMorgan Chase & Co. increased its holdings in Estee Lauder Companies by 332.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,505,185 shares of the company’s stock valued at $524,797,000 after purchasing an additional 2,695,358 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in Estee Lauder Companies by 187.1% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,567,264 shares of the company’s stock valued at $234,650,000 after buying an additional 1,021,345 shares during the period. Millennium Management LLC boosted its position in Estee Lauder Companies by 236.1% in the 4th quarter. Millennium Management LLC now owns 773,422 shares of the company’s stock valued at $98,410,000 after buying an additional 543,303 shares during the period. Glenmede Trust Co. NA boosted its position in Estee Lauder Companies by 30,529.4% in the 4th quarter. Glenmede Trust Co. NA now owns 544,590 shares of the company’s stock valued at $69,292,000 after buying an additional 542,812 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Estee Lauder Companies in the 4th quarter valued at approximately $63,455,000. Hedge funds and other institutional investors own 54.30% of the company’s stock.

Several equities analysts have commented on EL shares. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research report on Wednesday, March 28th. Oppenheimer raised their price target on shares of Estee Lauder Companies from $148.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, April 12th. Credit Suisse Group started coverage on shares of Estee Lauder Companies in a research report on Monday, March 12th. They issued an “outperform” rating and a $162.00 price target for the company. Morgan Stanley raised their price target on shares of Estee Lauder Companies from $147.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, April 5th. Finally, Wells Fargo & Co raised their price target on shares of Estee Lauder Companies from $150.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, April 19th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $143.67.

Estee Lauder Companies opened at $141.95 on Wednesday, MarketBeat Ratings reports. The firm has a market cap of $52.37 billion, a PE ratio of 40.91, a PEG ratio of 2.33 and a beta of 0.63. Estee Lauder Companies Inc has a 12-month low of $93.45 and a 12-month high of $158.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 1.37.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.10. Estee Lauder Companies had a net margin of 8.67% and a return on equity of 35.88%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. sell-side analysts forecast that Estee Lauder Companies Inc will post 4.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were given a $0.38 dividend. The ex-dividend date was Wednesday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 43.80%.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, 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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