DekaBank Deutsche Girozentrale Boosts Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

DekaBank Deutsche Girozentrale boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 30.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,121 shares of the company’s stock after buying an additional 27,595 shares during the period. DekaBank Deutsche Girozentrale’s holdings in The Estée Lauder Companies were worth $31,132,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EL. United Bank boosted its holdings in shares of The Estée Lauder Companies by 2.2% during the 3rd quarter. United Bank now owns 4,739 shares of the company’s stock worth $1,034,000 after purchasing an additional 103 shares during the last quarter. ExodusPoint Capital Management LP boosted its holdings in shares of The Estée Lauder Companies by 285.7% during the 3rd quarter. ExodusPoint Capital Management LP now owns 18,068 shares of the company’s stock worth $3,943,000 after purchasing an additional 13,384 shares during the last quarter. Eudaimonia Partners LLC boosted its holdings in shares of The Estée Lauder Companies by 440.0% during the 3rd quarter. Eudaimonia Partners LLC now owns 3,845 shares of the company’s stock worth $306,000 after purchasing an additional 3,133 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in shares of The Estée Lauder Companies by 39.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 64,253 shares of the company’s stock worth $14,023,000 after purchasing an additional 18,041 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in shares of The Estée Lauder Companies during the 3rd quarter worth approximately $451,000. Institutional investors own 54.98% of the company’s stock.

Several research analysts have recently weighed in on EL shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on The Estée Lauder Companies from $239.00 to $258.00 in a report on Monday, December 28th. Deutsche Bank Aktiengesellschaft upped their price objective on The Estée Lauder Companies from $307.00 to $316.00 and gave the company a “buy” rating in a report on Tuesday, March 2nd. Argus upped their price objective on The Estée Lauder Companies from $320.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded The Estée Lauder Companies from a “hold” rating to a “strong-buy” rating and set a $335.00 price objective on the stock in a report on Wednesday, February 10th. Finally, Sanford C. Bernstein initiated coverage on The Estée Lauder Companies in a report on Tuesday, January 19th. They issued an “outperform” rating and a $311.00 price objective on the stock. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $283.55.

NYSE:EL opened at $295.13 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 1.10. The stock’s fifty day moving average is $289.05 and its two-hundred day moving average is $255.31. The Estée Lauder Companies Inc. has a 52 week low of $156.31 and a 52 week high of $299.74. The stock has a market capitalization of $107.06 billion, a price-to-earnings ratio of 179.96, a price-to-earnings-growth ratio of 3.76 and a beta of 0.87.

The Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, February 4th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.92. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that The Estée Lauder Companies Inc. will post 5.24 EPS for the current fiscal year.

The business also recently disclosed 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. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, February 25th. The Estée Lauder Companies’s dividend payout ratio is currently 51.46%.

In related news, CFO Tracey Thomas Travis sold 22,924 shares of the 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. Also, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the stock in a transaction on Monday, March 8th. The shares were sold at an average price of $282.19, for a total value of $564,380,000.00. Insiders have sold 2,114,149 shares of company stock worth $597,578,500 in the last ninety days. Corporate insiders own 13.95% of the company’s stock.

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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