The Manufacturers Life Insurance Company lifted its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,778 shares of the company’s stock after acquiring an additional 20,721 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Estee Lauder Companies were worth $38,867,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Machina Capital S.A.S. acquired a new stake in shares of Estee Lauder Companies during the fourth quarter worth $30,000. Trust Co. of Vermont grew its stake in shares of Estee Lauder Companies by 112.1% during 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 during the period. Motco grew its stake in shares of Estee Lauder Companies by 45.8% during the first quarter. Motco now owns 277 shares of the company’s stock worth $46,000 after purchasing an additional 87 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in shares of Estee Lauder Companies during the first quarter worth $50,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Estee Lauder Companies during the first quarter worth $61,000. Institutional investors own 54.29% of the company’s stock.
In related news, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $166.21, for a total transaction of $465,388,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 1,356 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $172.19, for a total value of $233,489.64. Following the sale, the director now owns 4,000 shares in the company, valued at approximately $688,760. The disclosure for this sale can be found here. Insiders have sold 3,064,268 shares of company stock valued at $509,731,259 over the last ninety days. 16.13% of the stock is owned by insiders.
Shares of EL stock traded down $0.57 on Wednesday, hitting $176.92. 28,296 shares of the stock were exchanged, compared to its average volume of 1,810,868. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26. The stock has a market capitalization of $63.71 billion, a P/E ratio of 39.14, a P/E/G ratio of 2.62 and a beta of 0.74. Estee Lauder Companies Inc has a fifty-two week low of $121.47 and a fifty-two week high of $180.20.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.25. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. Estee Lauder Companies’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Equities analysts expect that Estee Lauder Companies Inc will post 5.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.97%. Estee Lauder Companies’s dividend payout ratio is currently 38.14%.
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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.
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