Nippon Life Global Investors Americas Inc. trimmed its position in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,580 shares of the company’s stock after selling 6,040 shares during the quarter. Estée Lauder Companies makes up about 1.3% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 17th biggest position. Nippon Life Global Investors Americas Inc.’s holdings in Estée Lauder Companies were worth $27,240,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Morgan Stanley increased its position in Estée Lauder Companies by 9.8% in the 3rd quarter. Morgan Stanley now owns 4,147,759 shares of the company’s stock valued at $1,244,038,000 after acquiring an additional 369,154 shares in the last quarter. Royal Bank of Canada raised its position in Estée Lauder Companies by 6.2% in the 3rd quarter. Royal Bank of Canada now owns 3,865,354 shares of the company’s stock worth $1,159,335,000 after purchasing an additional 226,262 shares during the last quarter. Geode Capital Management LLC boosted its position in Estée Lauder Companies by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 3,651,707 shares of the company’s stock valued at $1,347,667,000 after buying an additional 130,587 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Estée Lauder Companies by 26.5% in the 4th quarter. Brown Advisory Inc. now owns 3,241,559 shares of the company’s stock valued at $1,200,024,000 after buying an additional 678,097 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of Estée Lauder Companies by 0.4% in the 4th quarter. Baillie Gifford & Co. now owns 3,064,890 shares of the company’s stock valued at $1,134,622,000 after buying an additional 13,440 shares during the period. Institutional investors own 58.85% of the company’s stock.
A number of analysts recently commented on EL shares. Societe Generale lowered their price objective on Estée Lauder Companies to $258.00 and set a “na” rating for the company in a research report on Monday, May 16th. Morgan Stanley dropped their price target on shares of Estée Lauder Companies from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 4th. Bank of America reduced their price objective on shares of Estée Lauder Companies from $375.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, February 4th. Zacks Investment Research downgraded Estée Lauder Companies from a “hold” rating to a “strong sell” rating and set a $206.00 price target on the stock. in a research note on Friday, May 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Estée Lauder Companies from $338.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, March 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $332.29.
Estée Lauder Companies (NYSE:EL – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.23. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.32 billion. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 EPS. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 7.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.01%. Estée Lauder Companies’s dividend payout ratio is 26.26%.
In other news, Director Charlene Barshefsky sold 1,158 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $238.34, for a total transaction of $275,997.72. Following the sale, the director now owns 46,828 shares in the company, valued at approximately $11,160,985.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 13.95% of the stock is owned by company insiders.
About Estée Lauder Companies (Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. 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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