Livforsakringsbolaget Skandia Omsesidigt Has $75,000 Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Livforsakringsbolaget Skandia Omsesidigt lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 100.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 510 shares of the company’s stock after purchasing an additional 256 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Estée Lauder Companies were worth $75,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EL. Norges Bank acquired a new stake in shares of Estée Lauder Companies in the 4th quarter valued at approximately $858,070,000. Lazard Asset Management LLC increased its stake in Estée Lauder Companies by 68.5% during the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after purchasing an additional 1,512,982 shares in the last quarter. FMR LLC increased its stake in Estée Lauder Companies by 35.4% during the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after purchasing an additional 1,387,271 shares in the last quarter. Morgan Stanley increased its stake in Estée Lauder Companies by 20.0% during the 4th quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock worth $1,739,070,000 after purchasing an additional 1,167,553 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Estée Lauder Companies by 132.4% during the 3rd quarter. Van ECK Associates Corp now owns 1,735,740 shares of the company’s stock worth $250,901,000 after purchasing an additional 988,829 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Down 0.3 %

EL opened at $144.39 on Friday. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $260.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The company has a market capitalization of $51.76 billion, a P/E ratio of 111.07, a P/E/G ratio of 3.77 and a beta of 1.07. The stock has a fifty day moving average of $146.58 and a 200-day moving average of $138.08.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter last year, the business earned $1.54 earnings per share. Estée Lauder Companies’s revenue was down 7.4% on a year-over-year basis. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio is presently 203.08%.

Analyst Ratings Changes

A number of research firms recently issued reports on EL. Wells Fargo & Company increased their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. StockNews.com cut Estée Lauder Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Raymond James increased their target price on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 6th. Oppenheimer reissued a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. Finally, The Goldman Sachs Group began coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They set a “neutral” rating and a $145.00 price target for the company. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $168.00.

About Estée Lauder Companies

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.