Raymond James Trust N.A. Acquires 131 Shares of Estee Lauder Companies Inc (NYSE:EL)

Raymond James Trust N.A. lifted its stake in Estee Lauder Companies Inc (NYSE:EL) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,798 shares of the company’s stock after buying an additional 131 shares during the period. Raymond James Trust N.A.’s holdings in Estee Lauder Companies were worth $1,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. JCIC Asset Management Inc. grew its position in shares of Estee Lauder Companies by 19.9% in the 4th quarter. JCIC Asset Management Inc. now owns 488 shares of the company’s stock valued at $63,000 after buying an additional 81 shares during the last quarter. Bogart Wealth LLC grew its position in Estee Lauder Companies by 9.2% during the 4th quarter. Bogart Wealth LLC now owns 1,458 shares of the company’s stock worth $189,000 after purchasing an additional 123 shares during the last quarter. We Are One Seven LLC grew its position in Estee Lauder Companies by 8.5% during the 4th quarter. We Are One Seven LLC now owns 1,706 shares of the company’s stock worth $221,000 after purchasing an additional 133 shares during the last quarter. Wendell David Associates Inc. grew its position in Estee Lauder Companies by 0.8% during the 4th quarter. Wendell David Associates Inc. now owns 22,337 shares of the company’s stock worth $2,906,000 after purchasing an additional 179 shares during the last quarter. Finally, Boston Advisors LLC grew its position in Estee Lauder Companies by 2.0% during the 4th quarter. Boston Advisors LLC now owns 9,876 shares of the company’s stock worth $1,285,000 after purchasing an additional 190 shares during the last quarter. 56.22% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Fabrizio Freda sold 98,262 shares of Estee Lauder Companies stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $152.20, for a total transaction of $14,955,476.40. Following the completion of the sale, the chief executive officer now directly owns 171,436 shares in the company, valued at $26,092,559.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg sold 13,759 shares of Estee Lauder Companies stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $152.54, for a total transaction of $2,098,797.86. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,191,795.02. The disclosure for this sale can be found here. Insiders have sold a total of 454,187 shares of company stock valued at $66,345,899 over the last 90 days. 16.13% of the stock is currently owned by insiders.

Several research analysts have issued reports on EL shares. Goldman Sachs Group downgraded shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $171.00 to $116.00 in a research report on Tuesday, January 8th. 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 report on Wednesday, January 2nd. Wells Fargo & Co downgraded shares of Estee Lauder Companies from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $165.00 to $135.00 in a research report on Thursday, January 10th. They noted that the move was a valuation call. Raymond James raised their price objective on shares of Estee Lauder Companies from $151.00 to $154.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Finally, ValuEngine upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $153.45.

Shares of NYSE EL opened at $155.19 on Thursday. 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 Inc has a 52 week low of $121.47 and a 52 week high of $158.80. The stock has a market capitalization of $55.77 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.50 and a beta of 0.65.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $1.74 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 firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the business earned $1.52 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Estee Lauder Companies Inc will post 5.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.72 annualized dividend and a yield of 1.11%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 38.14%.

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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.

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

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