Cetera Advisor Networks LLC Buys Shares of 2,158 Estee Lauder Companies Inc (EL)

Cetera Advisor Networks LLC acquired a new stake in Estee Lauder Companies Inc (NYSE:EL) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 2,158 shares of the company’s stock, valued at approximately $357,000.

A number of other large investors also recently added to or reduced their stakes in the business. Machina Capital S.A.S. acquired a new position in Estee Lauder Companies in the fourth quarter worth about $30,000. Trust Co. of Vermont grew its stake in Estee Lauder Companies by 112.1% in the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock worth $44,000 after purchasing an additional 139 shares in the last quarter. Motco grew its stake in Estee Lauder Companies by 45.8% in the first quarter. Motco now owns 277 shares of the company’s stock worth $46,000 after purchasing an additional 87 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new position in Estee Lauder Companies in the first quarter worth about $50,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Estee Lauder Companies by 6,015.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after purchasing an additional 6,784,090 shares in the last quarter. 53.66% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on EL shares. Telsey Advisory Group lifted their price target on Estee Lauder Companies from $170.00 to $179.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Macquarie lifted their price target on Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Deutsche Bank lifted their price target on Estee Lauder Companies to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. BMO Capital Markets lifted their price target on Estee Lauder Companies from $140.00 to $155.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 6th. Finally, JPMorgan Chase & Co. upgraded Estee Lauder Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $160.00 to $175.00 in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $170.82.

Shares of NYSE EL opened at $165.53 on Friday. 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 52-week low of $121.47 and a 52-week high of $180.20. The stock has a market capitalization of $60.84 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 2.49 and a beta of 0.72.

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 the Zacks’ consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter last year, the company posted $1.17 earnings per share. Estee Lauder Companies’s revenue was up 11.1% on a year-over-year basis. As a group, analysts anticipate that Estee Lauder Companies Inc will post 5.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.43 dividend. The ex-dividend date 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 currently 38.14%.

In other Estee Lauder Companies news, Director Lynn Forester sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $172.48, for a total value of $1,724,800.00. Following the transaction, the director now owns 14,000 shares of the company’s stock, valued at $2,414,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William P. Lauder sold 12,418 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $156.45, for a total transaction of $1,942,796.10. The disclosure for this sale can be found here. Insiders sold 3,355,144 shares of company stock worth $555,645,054 in the last three months. 16.13% of the stock is currently owned by corporate insiders.

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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.

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

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