LGT Capital Partners LTD. Acquires 10,650 Shares of Estee Lauder Companies Inc (EL)

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LGT Capital Partners LTD. lifted its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,140 shares of the company’s stock after buying an additional 10,650 shares during the quarter. Estee Lauder Companies makes up approximately 5.4% of LGT Capital Partners LTD.’s investment portfolio, making the stock its largest position. LGT Capital Partners LTD. owned approximately 0.14% of Estee Lauder Companies worth $64,808,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EL. Fundsmith Equity Fund L.P. acquired a new position in Estee Lauder Companies in the 2nd quarter valued at $701,543,000. Northern Trust Corp raised its stake in Estee Lauder Companies by 1.7% in the 2nd quarter. Northern Trust Corp now owns 3,801,166 shares of the company’s stock valued at $542,387,000 after purchasing an additional 62,690 shares during the last quarter. Acropolis Investment Management LLC raised its stake in Estee Lauder Companies by 4.6% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,137 shares of the company’s stock valued at $1,182,000 after purchasing an additional 360 shares during the last quarter. OLD National Bancorp IN raised its stake in Estee Lauder Companies by 2.4% in the 3rd quarter. OLD National Bancorp IN now owns 47,510 shares of the company’s stock valued at $6,904,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Morgan Stanley raised its stake in Estee Lauder Companies by 1.6% in the 2nd quarter. Morgan Stanley now owns 1,341,812 shares of the company’s stock valued at $191,463,000 after purchasing an additional 21,595 shares during the last quarter. 54.42% of the stock is owned by institutional investors and hedge funds.

In related news, insider Fabrizio Freda sold 150,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $144.25, for a total transaction of $21,637,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Demsey sold 54,303 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $131.48, for a total value of $7,139,758.44. Following the transaction, the insider now owns 27,525 shares of the company’s stock, valued at $3,618,987. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,510 shares of company stock valued at $44,856,835. Company insiders own 16.13% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research cut Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a report on Monday, October 1st. Jefferies Financial Group set a $131.00 target price on Estee Lauder Companies and gave the company a “hold” rating in a report on Friday, December 14th. Credit Suisse Group upped their target price on Estee Lauder Companies from $156.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Atlantic Securities assumed coverage on Estee Lauder Companies in a report on Thursday, September 20th. They issued an “overweight” rating and a $162.00 target price for the company. Finally, Raymond James upped their target price on Estee Lauder Companies from $151.00 to $154.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $149.92.

Shares of NYSE EL traded down $0.46 during mid-day trading on Monday, reaching $125.48. 132,308 shares of the company’s stock were exchanged, compared to its average volume of 2,745,797. The stock has a market cap of $46.38 billion, a PE ratio of 27.82, a P/E/G ratio of 2.21 and a beta of 0.71. The company has a current ratio of 1.75, a quick ratio of 1.28 and a debt-to-equity ratio of 0.76. Estee Lauder Companies Inc has a 52-week low of $121.47 and a 52-week high of $158.80.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.19. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Estee Lauder Companies had a return on equity of 38.29% and a net margin of 8.48%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. Research analysts predict that Estee Lauder Companies Inc will post 4.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Friday, November 30th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 29th. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.37%. Estee Lauder Companies’s dividend payout ratio is currently 38.14%.

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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.

See Also: What is a Market Correction?

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies Inc (NYSE:EL).

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

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