FormulaFolio Investments LLC Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

FormulaFolio Investments LLC bought a new stake in The Estée Lauder Companies Inc. (NYSE:EL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,184 shares of the company’s stock, valued at approximately $581,000.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new position in The Estée Lauder Companies in the fourth quarter valued at about $616,628,000. Sage Private Wealth Group LLC bought a new position in The Estée Lauder Companies in the fourth quarter valued at about $403,000. Capital Asset Advisory Services LLC bought a new position in The Estée Lauder Companies in the fourth quarter valued at about $53,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in The Estée Lauder Companies by 42.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,354 shares of the company’s stock worth $893,000 after buying an additional 1,000 shares during the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in The Estée Lauder Companies during the fourth quarter worth about $387,000. Institutional investors own 54.98% of the company’s stock.

In other news, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the business’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $282.19, for a total transaction of $564,380,000.00. Also, CFO Tracey Thomas Travis sold 22,924 shares of the business’s stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $285.01, for a total value of $6,533,569.24. Over the last quarter, insiders have sold 2,114,149 shares of company stock valued at $597,578,500. Corporate insiders own 13.95% of the company’s stock.

EL opened at $295.13 on Thursday. The business has a fifty day simple moving average of $289.05 and a 200 day simple moving average of $255.31. The company has a market capitalization of $107.06 billion, a PE ratio of 179.96, a price-to-earnings-growth ratio of 3.76 and a beta of 0.87. The Estée Lauder Companies Inc. has a 1 year low of $156.31 and a 1 year high of $299.74. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.85 and a quick ratio of 1.39.

The Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, February 4th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.92. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.49 billion. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.11 EPS. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 5.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were given a dividend of $0.53 per share. The ex-dividend date was Thursday, February 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.72%. The Estée Lauder Companies’s payout ratio is 51.46%.

A number of equities analysts have issued reports on the company. Jefferies Financial Group upgraded The Estée Lauder Companies from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $310.00 in a report on Monday, February 8th. Oppenheimer raised their target price on The Estée Lauder Companies from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, February 2nd. DA Davidson raised their target price on The Estée Lauder Companies from $320.00 to $348.00 and gave the stock a “buy” rating in a report on Tuesday, March 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on The Estée Lauder Companies from $239.00 to $258.00 in a report on Monday, December 28th. Finally, Sanford C. Bernstein assumed coverage on The Estée Lauder Companies in a report on Tuesday, January 19th. They set an “outperform” rating and a $311.00 price objective on the stock. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $283.55.

The Estée 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, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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

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