CIBC World Markets Inc. increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 322.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,772 shares of the company’s stock after acquiring an additional 15,856 shares during the period. CIBC World Markets Inc.’s holdings in The Estée Lauder Companies were worth $5,529,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Avantax Advisory Services Inc. acquired a new stake in The Estée Lauder Companies in the third quarter valued at approximately $260,000. CWM LLC grew its holdings in The Estée Lauder Companies by 31.2% in the third quarter. CWM LLC now owns 1,165 shares of the company’s stock valued at $254,000 after purchasing an additional 277 shares during the period. NEXT Financial Group Inc acquired a new stake in The Estée Lauder Companies in the third quarter valued at approximately $45,000. JustInvest LLC grew its holdings in The Estée Lauder Companies by 36.8% in the third quarter. JustInvest LLC now owns 1,832 shares of the company’s stock valued at $400,000 after purchasing an additional 493 shares during the period. Finally, Xponance Inc. grew its holdings in The Estée Lauder Companies by 0.5% in the third quarter. Xponance Inc. now owns 29,789 shares of the company’s stock valued at $6,501,000 after purchasing an additional 157 shares during the period. 54.98% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. Oppenheimer lifted their price target on The Estée Lauder Companies from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 2nd. Smith Barney Citigroup lifted their target price on The Estée Lauder Companies from $239.00 to $258.00 in a research report on Monday, December 28th. JPMorgan Chase & Co. raised The Estée Lauder Companies from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $208.00 to $299.00 in a research note on Monday, February 8th. TheStreet raised The Estée Lauder Companies from a “c+” rating to a “b” rating in a research report on Monday, November 2nd. Finally, Jefferies Financial Group raised The Estée Lauder Companies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $310.00 in a research report on Monday, February 8th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $275.05.
The Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, February 4th. The company reported $2.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.92. The firm 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 revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 EPS. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 5.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Friday, February 26th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 25th. The Estée Lauder Companies’s dividend payout ratio (DPR) is 51.46%.
About The Estée Lauder Companies
The EstÃ©e 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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