Appleton Partners Inc. MA boosted its stake in Estee Lauder Companies Inc (NYSE:EL) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,281 shares of the company’s stock after buying an additional 1,556 shares during the period. Appleton Partners Inc. MA’s holdings in Estee Lauder Companies were worth $4,234,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Coastal Investment Advisors Inc. grew its stake in shares of Estee Lauder Companies by 41.4% in the second quarter. Coastal Investment Advisors Inc. now owns 362 shares of the company’s stock worth $67,000 after purchasing an additional 106 shares in the last quarter. Boltwood Capital Management bought a new position in shares of Estee Lauder Companies in the third quarter worth $661,000. HBK Sorce Advisory LLC bought a new position in shares of Estee Lauder Companies in the second quarter worth $434,000. Gamco Investors INC. ET AL bought a new position in shares of Estee Lauder Companies in the second quarter worth $2,372,000. Finally, Compagnie Lombard Odier SCmA grew its stake in shares of Estee Lauder Companies by 27.7% in the second quarter. Compagnie Lombard Odier SCmA now owns 23,028 shares of the company’s stock worth $4,217,000 after purchasing an additional 5,000 shares in the last quarter. 54.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EL stock opened at $187.06 on Thursday. The stock has a 50-day simple moving average of $191.06 and a 200 day simple moving average of $184.04. Estee Lauder Companies Inc has a fifty-two week low of $121.47 and a fifty-two week high of $207.50. The stock has a market capitalization of $67.31 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.48 and a beta of 0.76. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.15.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 31st. The company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.07. Estee Lauder Companies had a return on equity of 46.14% and a net margin of 12.34%. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter last year, the business posted $1.41 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts anticipate that Estee Lauder Companies Inc will post 5.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.48 dividend. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, November 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.03%. Estee Lauder Companies’s dividend payout ratio (DPR) is 32.21%.
In related news, CEO Fabrizio Freda sold 16,479 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $184.08, for a total value of $3,033,454.32. Following the completion of the transaction, the chief executive officer now owns 83,348 shares in the company, valued at approximately $15,342,699.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $196.00, for a total value of $392,000,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,214,755 shares of company stock valued at $434,929,789 in the last quarter. 14.68% of the stock is currently owned by corporate insiders.
Several research firms have recently issued reports on EL. Edward Jones cut Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Morgan Stanley reissued a “buy” rating on shares of Estee Lauder Companies in a research note on Friday, November 1st. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research note on Tuesday, August 20th. Evercore ISI set a $190.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada increased their price target on Estee Lauder Companies to $200.00 in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $194.96.
Estee Lauder Companies Company 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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