Old Mutual Global Investors UK Ltd. Invests $69.46 Million in Estee Lauder Companies Inc (EL)
Old Mutual Global Investors UK Ltd. bought a new stake in Estee Lauder Companies Inc (NYSE:EL) in the fourth quarter, Holdings Channel reports. The institutional investor bought 545,919 shares of the company’s stock, valued at approximately $69,462,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EL. Parkside Financial Bank & Trust lifted its stake in shares of Estee Lauder Companies by 126.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after acquiring an additional 633 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Estee Lauder Companies during the 4th quarter valued at about $126,000. Cerebellum GP LLC purchased a new position in Estee Lauder Companies during the 4th quarter valued at about $130,000. Winslow Evans & Crocker Inc. increased its holdings in Estee Lauder Companies by 2,750.0% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after purchasing an additional 1,100 shares during the period. Finally, Zions Bancorporation increased its holdings in Estee Lauder Companies by 2,781.3% during the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after purchasing an additional 1,780 shares during the period. 54.03% of the stock is owned by institutional investors.
Estee Lauder Companies Inc (EL) opened at $137.50 on Wednesday. Estee Lauder Companies Inc has a twelve month low of $81.69 and a twelve month high of $138.74. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $50,396.34, a P/E ratio of 47.74, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74.
The company 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 dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.11%. Estee Lauder Companies’s dividend payout ratio (DPR) is 52.78%.
In other news, insider John Demsey sold 11,179 shares of the business’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 sale, the insider now directly owns 23,898 shares of the company’s stock, valued at approximately $3,263,032.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total value of $71,670,269.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,390,653 shares of company stock worth $175,112,676 in the last quarter. Company insiders own 16.24% of the company’s stock.
A number of research analysts recently issued reports on EL shares. Argus boosted their price target on Estee Lauder Companies from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a report on Tuesday, January 9th. Jefferies Group set a $140.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a report on Friday, December 1st. Macquarie boosted their price target on Estee Lauder Companies from $1.45 to $1.50 and gave the company an “outperform” rating in a report on Thursday, December 21st. Finally, BMO Capital Markets boosted their price target on Estee Lauder Companies from $107.00 to $126.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $128.57.
Estee Lauder Companies Company 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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