The Alecta Pensionsforsakring Omsesidigt Takes Position in Estee Lauder Companies Inc. (EL)

The Alecta Pensionsforsakring Omsesidigt Takes Position in Estee Lauder Companies Inc. (EL)

Alecta Pensionsforsakring Omsesidigt acquired a new stake in Estee Lauder Companies Inc. (NYSE:EL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 650,000 shares of the company’s stock, valued at approximately $57,558,000. Estee Lauder Companies makes up approximately 0.6% of Alecta Pensionsforsakring Omsesidigt’s holdings, making the stock its 28th largest position. Alecta Pensionsforsakring Omsesidigt owned 0.18% of Estee Lauder Companies as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in Estee Lauder Companies by 4.4% in the second quarter. FMR LLC now owns 30,920,948 shares of the company’s stock valued at $2,814,424,000 after buying an additional 1,309,267 shares in the last quarter. American Century Companies Inc. increased its position in Estee Lauder Companies by 12.2% in the second quarter. American Century Companies Inc. now owns 5,436,412 shares of the company’s stock valued at $494,822,000 after buying an additional 592,412 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Estee Lauder Companies by 12.5% in the second quarter. TIAA CREF Investment Management LLC now owns 4,063,650 shares of the company’s stock valued at $369,873,000 after buying an additional 451,288 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Estee Lauder Companies by 8.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,751,725 shares of the company’s stock valued at $341,482,000 after buying an additional 292,939 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Estee Lauder Companies by 19.3% in the third quarter. Wells Fargo & Company MN now owns 3,198,047 shares of the company’s stock valued at $283,220,000 after buying an additional 516,735 shares in the last quarter. Hedge funds and other institutional investors own 53.96% of the company’s stock.

Shares of Estee Lauder Companies Inc. (NYSE:EL) opened at 79.27 on Thursday. The firm’s 50-day moving average is $77.98 and its 200-day moving average is $85.61. Estee Lauder Companies Inc. has a 52 week low of $75.30 and a 52 week high of $97.48. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of 27.06 and a beta of 0.85.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. Analysts forecast that Estee Lauder Companies Inc. will post $3.43 earnings per share for the current fiscal year.

Several analysts recently issued reports on EL shares. Zacks Investment Research cut Estee Lauder Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, December 13th. B. Riley reissued a “neutral” rating and issued a $92.00 target price on shares of Estee Lauder Companies in a research note on Monday, November 7th. Barclays PLC reissued an “overweight” rating and issued a $88.00 target price (down from $93.00) on shares of Estee Lauder Companies in a research note on Tuesday, January 10th. cut Estee Lauder Companies from a “buy” rating to an “underperform” rating in a research note on Thursday, November 3rd. Finally, Piper Jaffray Cos. cut Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Thursday, October 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Estee Lauder Companies currently has an average rating of “Hold” and a consensus target price of $96.51.

In other news, CFO Tracey Thomas Travis sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $78.13, for a total transaction of $781,300.00. Following the transaction, the chief financial officer now directly owns 36,025 shares in the company, valued at $2,814,633.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael O’hare sold 4,492 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $76.32, for a total transaction of $342,829.44. The disclosure for this sale can be found here. Insiders own 16.98% of the company’s stock.

Estee Lauder Companies Company Profile

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

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