JCIC Asset Management Inc. lifted its holdings in Estee Lauder Companies Inc (NYSE:EL) by 62.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 793 shares of the company’s stock after buying an additional 305 shares during the period. JCIC Asset Management Inc.’s holdings in Estee Lauder Companies were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of EL. HC Financial Advisors Inc. acquired a new position in Estee Lauder Companies during the 3rd quarter worth about $975,000. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 3,716,962 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Estee Lauder Companies by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 522,555 shares of the company’s stock worth $75,933,000 after buying an additional 18,853 shares during the period. BlueMountain Capital Management LLC acquired a new position in Estee Lauder Companies during the 3rd quarter worth about $728,000. Finally, Pacer Advisors Inc. lifted its holdings in Estee Lauder Companies by 17.8% during the 3rd quarter. Pacer Advisors Inc. now owns 12,153 shares of the company’s stock worth $1,766,000 after buying an additional 1,834 shares during the period. 53.77% of the stock is currently owned by hedge funds and other institutional investors.
EL stock opened at $174.43 on Friday. Estee Lauder Companies Inc has a fifty-two week low of $121.47 and a fifty-two week high of $180.20. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 1.71. The company has a market cap of $63.00 billion, a P/E ratio of 38.68, a PEG ratio of 2.62 and a beta of 0.72.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, May 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 38.14%.
Several research analysts have commented on EL shares. Goldman Sachs Group downgraded Estee Lauder Companies from a “neutral” rating to a “sell” rating and cut their target price for the stock from $171.00 to $116.00 in a report on Tuesday, January 8th. Wells Fargo & Co downgraded Estee Lauder Companies from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $165.00 to $135.00 in a report on Thursday, January 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Monday, January 14th. ValuEngine downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $153.00 target price on shares of Estee Lauder Companies in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $170.78.
In other Estee Lauder Companies news, Director Irvine O. Hockaday, Jr. sold 15,949 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $170.55, for a total transaction of $2,720,101.95. Following the completion of the sale, the director now directly owns 16,446 shares of the company’s stock, valued at approximately $2,804,865.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Irvine O. Hockaday, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $155.31, for a total value of $232,965.00. The disclosure for this sale can be found here. Insiders have sold a total of 579,277 shares of company stock valued at $90,373,785 over the last three months. Corporate insiders own 16.13% of the company’s stock.
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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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