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.
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.
WARNING: This piece of content was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/05/24/cetera-advisor-networks-llc-buys-shares-of-2158-estee-lauder-companies-inc-el.html.
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.
Featured Story: Fundamental Analysis – How It Helps Investors
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).
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.