First Allied Advisory Services Inc. trimmed its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 6.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,318 shares of the company’s stock after selling 231 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Estee Lauder Companies were worth $542,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in EL. Conning Inc. raised its holdings 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 worth $1,243,000 after buying an additional 60 shares in the last quarter. CMC Financial Group raised its holdings 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 worth $1,413,000 after buying an additional 61 shares in the last quarter. Raymond James Trust N.A. raised its holdings 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 worth $1,302,000 after buying an additional 66 shares in the last quarter. National Asset Management Inc. raised its holdings 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 worth $500,000 after buying an additional 69 shares in the last quarter. Finally, NEXT Financial Group Inc raised its holdings 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 worth $106,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 53.06% of the company’s stock.
A number of research firms have recently commented on EL. Oppenheimer boosted their price target on Estee Lauder Companies from $164.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Citigroup boosted their price target on Estee Lauder Companies from $179.00 to $188.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Stifel Nicolaus boosted their price target on Estee Lauder Companies from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Argus boosted their price target on Estee Lauder Companies to $195.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Piper Jaffray Companies boosted their price target on Estee Lauder Companies from $161.00 to $178.00 and gave the stock a “positive” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $170.78.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts forecast that Estee Lauder Companies Inc will post 5.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.43 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. Estee Lauder Companies’s payout ratio is 38.14%.
In other news, EVP Alexandra C. Trower sold 25,296 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $158.71, for a total value of $4,014,728.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 1,356 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $172.19, for a total value of $233,489.64. Following the completion of the sale, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $688,760. The disclosure for this sale can be found here. In the last three months, insiders sold 3,355,144 shares of company stock valued at $555,645,054. 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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