South Texas Money Management Ltd. cut its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,282 shares of the company’s stock after selling 9,087 shares during the period. Estee Lauder Companies accounts for about 2.6% of South Texas Money Management Ltd.’s investment portfolio, making the stock its 6th largest position. South Texas Money Management Ltd.’s holdings in Estee Lauder Companies were worth $56,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EL. Jennison Associates LLC purchased a new stake in shares of Estee Lauder Companies during the 3rd quarter worth about $664,432,000. Investec Asset Management LTD increased its holdings in shares of Estee Lauder Companies by 931.2% during the 3rd quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock valued at $112,208,000 after acquiring an additional 939,600 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Estee Lauder Companies by 1,356.5% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 617,310 shares of the company’s stock valued at $66,571,000 after acquiring an additional 574,926 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in shares of Estee Lauder Companies by 618.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 603,428 shares of the company’s stock valued at $65,074,000 after acquiring an additional 519,390 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Estee Lauder Companies by 31.9% during the 4th quarter. Acadian Asset Management LLC now owns 1,880,660 shares of the company’s stock valued at $239,297,000 after acquiring an additional 454,532 shares during the last quarter. 54.40% of the stock is owned by institutional investors.

Shares of Estee Lauder Companies Inc (NYSE EL) opened at $134.75 on Friday. The stock has a market capitalization of $49,619.80, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. Estee Lauder Companies Inc has a fifty-two week low of $81.69 and a fifty-two week high of $138.74.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS. equities research analysts forecast that Estee Lauder Companies Inc will post 4.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 52.78%.

In other Estee Lauder Companies news, insider John Demsey sold 11,179 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $136.54, for a total value of $1,526,380.66. Following the completion of the sale, the insider now owns 23,898 shares in the company, valued at approximately $3,263,032.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael O’hare sold 26,203 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $133.40, for a total value of $3,495,480.20. Following the completion of the sale, the executive vice president now owns 7,583 shares of the company’s stock, valued at approximately $1,011,572.20. The disclosure for this sale can be found here. Insiders sold a total of 1,381,341 shares of company stock worth $173,874,552 in the last ninety days. Insiders own 16.24% of the company’s stock.

A number of brokerages have recently commented on EL. Wells Fargo & Co reissued a “buy” rating and set a $150.00 price objective on shares of Estee Lauder Companies in a report on Wednesday, January 31st. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Tuesday, February 6th. Morgan Stanley increased their price objective on Estee Lauder Companies from $139.00 to $147.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Bank of America increased their price objective on Estee Lauder Companies from $143.00 to $152.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, BMO Capital Markets increased their price objective on Estee Lauder Companies to $140.00 and gave the company a “market perform” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $128.57.

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Estee Lauder Companies Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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