Washington Capital Management Inc. acquired a new position in The Estée Lauder Companies Inc. (NYSE:EL – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,700 shares of the company’s stock, valued at approximately $352,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in EL. VCI Wealth Management LLC acquired a new position in Estée Lauder Companies in the 4th quarter worth about $568,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $50,000. Blue Trust Inc. raised its stake in shares of Estée Lauder Companies by 8.7% during the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after buying an additional 148 shares during the period. 1834 Investment Advisors Co. purchased a new position in shares of Estée Lauder Companies during the 4th quarter valued at approximately $450,000. Finally, Harrell Investment Partners LLC grew its stake in Estée Lauder Companies by 52.1% in the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock valued at $771,000 after acquiring an additional 3,524 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.
Analyst Ratings Changes
EL has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Estée Lauder Companies from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Canaccord Genuity Group lowered their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Barclays lifted their price target on Estée Lauder Companies from $63.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada dropped their price target on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $92.68.
Estée Lauder Companies Price Performance
NYSE:EL opened at $82.33 on Thursday. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75. The stock’s fifty day moving average is $76.11 and its two-hundred day moving average is $84.19. The company has a market capitalization of $29.55 billion, a P/E ratio of 147.01, a P/E/G ratio of 5.60 and a beta of 1.02. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.
Estée Lauder Companies (NYSE:EL – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the firm earned $0.11 EPS. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. Equities analysts expect that The Estée Lauder Companies Inc. will post 1.51 EPS for the current year.
Insider Activity
In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 77,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the purchase, the director now directly owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.
Estée Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.
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