Parametric Portfolio Associates LLC Sells 61,561 Shares of Estee Lauder Companies Inc (EL)

Share on StockTwits

Parametric Portfolio Associates LLC reduced its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 7.1% in the first quarter, HoldingsChannel.com reports. The firm owned 801,922 shares of the company’s stock after selling 61,561 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Estee Lauder Companies were worth $132,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Conning Inc. grew its stake in shares of Estee Lauder Companies by 0.8% during the 1st quarter. Conning Inc. now owns 7,506 shares of the company’s stock valued at $1,243,000 after purchasing an additional 60 shares during the period. CMC Financial Group grew its stake in shares of Estee Lauder Companies by 0.7% during the 1st quarter. CMC Financial Group now owns 8,536 shares of the company’s stock valued at $1,413,000 after acquiring an additional 61 shares during the period. Raymond James Trust N.A. grew its stake in shares of Estee Lauder Companies by 0.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,864 shares of the company’s stock valued at $1,302,000 after acquiring an additional 66 shares during the period. National Asset Management Inc. grew its stake in shares of Estee Lauder Companies by 1.8% during the 4th quarter. National Asset Management Inc. now owns 3,844 shares of the company’s stock valued at $500,000 after acquiring an additional 69 shares during the period. Finally, NEXT Financial Group Inc grew its stake in shares of Estee Lauder Companies by 10.1% during the 4th quarter. NEXT Financial Group Inc now owns 815 shares of the company’s stock valued at $106,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 53.66% of the company’s stock.

A number of brokerages recently issued reports on EL. Piper Jaffray Companies boosted their price objective on Estee Lauder Companies from $161.00 to $178.00 and gave the company a “positive” rating in a research note on Thursday, April 25th. Citigroup boosted their price objective on Estee Lauder Companies from $188.00 to $197.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. DA Davidson downgraded Estee Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $179.00 to $155.00 in a research note on Thursday, May 2nd. UBS Group boosted their price objective on Estee Lauder Companies from $153.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price objective (up from $190.00) on shares of Estee Lauder Companies in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $170.82.

In other news, Director Lynn Forester sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $172.48, for a total transaction of $1,724,800.00. Following the sale, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $2,414,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charlene Barshefsky sold 1,356 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $172.19, for a total value of $233,489.64. Following the sale, the director now directly owns 4,000 shares in the company, valued at $688,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,355,144 shares of company stock worth $555,645,054. 16.13% of the stock is owned by insiders.

NYSE EL traded down $0.37 during trading hours on Friday, reaching $165.16. The company’s stock had a trading volume of 1,290,250 shares, compared to its average volume of 1,859,003. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. Estee Lauder Companies Inc has a 1 year low of $121.47 and a 1 year high of $180.20. The stock has a market cap of $59.77 billion, a PE ratio of 36.62, a P/E/G ratio of 2.49 and a beta of 0.72.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the firm earned $1.17 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, analysts forecast that Estee Lauder Companies Inc will post 5.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 1.04%. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by BBNS and is owned by of BBNS. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://baseballnewssource.com/2019/05/25/parametric-portfolio-associates-llc-sells-61561-shares-of-estee-lauder-companies-inc-el/3412911.html.

Estee Lauder Companies Profile

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.

Further Reading: How analysts view the yield curve

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)

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.