Kornitzer Capital Management Inc. KS decreased its position in Estee Lauder Companies Inc (NYSE:EL) by 3.3% during the first quarter, Holdings Channel reports. The firm owned 247,265 shares of the company’s stock after selling 8,335 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.07% of Estee Lauder Companies worth $20,966,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Elgethun Capital Management purchased a new stake in Estee Lauder Companies during the fourth quarter worth $112,000. FTB Advisors Inc. raised its stake in Estee Lauder Companies by 1.1% in the third quarter. FTB Advisors Inc. now owns 1,637 shares of the company’s stock worth $142,000 after buying an additional 18 shares during the period. SRS Capital Advisors Inc. purchased a new stake in Estee Lauder Companies during the fourth quarter worth $142,000. Norway Savings Bank purchased a new stake in Estee Lauder Companies during the first quarter worth $170,000. Finally, Advisory Services Network LLC purchased a new stake in Estee Lauder Companies during the first quarter worth $174,000. 55.53% of the stock is currently owned by institutional investors and hedge funds.
Estee Lauder Companies Inc (NYSE:EL) traded up 1.09% during trading on Friday, hitting $92.86. 2,086,068 shares of the company traded hands. The company’s 50 day moving average is $86.34 and its 200-day moving average is $82.28. The stock has a market capitalization of $34.02 billion, a PE ratio of 32.09 and a beta of 0.86. Estee Lauder Companies Inc has a 52 week low of $75.30 and a 52 week high of $95.86.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.18. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Analysts predict that Estee Lauder Companies Inc will post $3.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, May 26th. Estee Lauder Companies’s dividend payout ratio (DPR) is 46.90%.
A number of analysts recently weighed in on EL shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $100.00 target price on shares of Estee Lauder Companies in a report on Thursday, January 19th. Vetr raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $87.69 target price on the stock in a report on Thursday, March 2nd. Goldman Sachs Group Inc raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $85.00 to $103.00 in a report on Tuesday, April 4th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Estee Lauder Companies in a report on Saturday, April 22nd. Finally, Deutsche Bank AG decreased their target price on shares of Estee Lauder Companies from $102.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $96.75.
In other news, insider John Demsey sold 21,010 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $85.46, for a total transaction of $1,795,514.60. Following the completion of the sale, the insider now directly owns 21,010 shares of the company’s stock, valued at $1,795,514.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Fabrizio Freda sold 18,708 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $84.18, for a total transaction of $1,574,839.44. Following the sale, the insider now directly owns 82,528 shares of the company’s stock, valued at $6,947,207.04. The disclosure for this sale can be found here. Insiders have sold 45,380 shares of company stock worth $3,847,604 in the last quarter. Company insiders own 16.98% of the company’s stock.
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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