The Estee Lauder Companies Inc. (EL) Stake Decreased by State of Wisconsin Investment Board

The Estee Lauder Companies Inc. (EL) Stake Decreased by State of Wisconsin Investment Board

State of Wisconsin Investment Board decreased its stake in Estee Lauder Companies Inc. (NYSE:EL) by 24.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 212,928 shares of the company’s stock after selling 70,700 shares during the period. State of Wisconsin Investment Board owned approximately 0.06% of Estee Lauder Companies worth $18,857,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in Estee Lauder Companies by 0.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 871,265 shares of the company’s stock valued at $79,300,000 after buying an additional 6,610 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of Estee Lauder Companies by 24.2% in the second quarter. Shell Asset Management Co. now owns 40,716 shares of the company’s stock worth $3,706,000 after buying an additional 7,923 shares during the period. Bank of Montreal Can bought a new stake in shares of Estee Lauder Companies during the second quarter worth $33,726,000. Strs Ohio increased its stake in shares of Estee Lauder Companies by 5.3% in the second quarter. Strs Ohio now owns 146,059 shares of the company’s stock worth $13,294,000 after buying an additional 7,335 shares during the period. Finally, Conning Inc. increased its stake in shares of Estee Lauder Companies by 2.0% in the second quarter. Conning Inc. now owns 5,646 shares of the company’s stock worth $514,000 after buying an additional 110 shares during the period. 53.96% of the stock is owned by institutional investors and hedge funds.

Shares of Estee Lauder Companies Inc. (NYSE:EL) opened at 79.63 on Friday. The company’s 50 day moving average is $77.93 and its 200-day moving average is $85.83. The firm has a market cap of $29.18 billion, a PE ratio of 27.19 and a beta of 0.85. Estee Lauder Companies Inc. has a 12 month low of $75.30 and a 12 month high of $97.48.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The firm earned $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts predict that Estee Lauder Companies Inc. will post $3.42 EPS for the current year.

A number of analysts have weighed in on the stock. RBC Capital Markets reissued a “buy” rating and issued a $100.00 price target on shares of Estee Lauder Companies in a report on Thursday. Zacks Investment Research raised shares of Estee Lauder Companies from a “sell” rating to a “hold” rating in a report on Monday, January 16th. Barclays PLC reissued an “overweight” rating and issued a $88.00 price target (down from $93.00) on shares of Estee Lauder Companies in a report on Tuesday, January 10th. Vetr downgraded shares of Estee Lauder Companies from a “strong-buy” rating to a “sell” rating and set a $73.25 price target for the company. in a report on Thursday, January 5th. Finally, BMO Capital Markets assumed coverage on shares of Estee Lauder Companies in a report on Friday, December 16th. They issued an “underperform” rating and a $72.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $96.13.

In other Estee Lauder Companies news, EVP Michael O’hare sold 4,492 shares of Estee Lauder Companies stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $76.32, for a total transaction of $342,829.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory Polcer sold 3,533 shares of Estee Lauder Companies stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $82.34, for a total transaction of $290,907.22. Following the transaction, the executive vice president now directly owns 71,309 shares of the company’s stock, valued at $5,871,583.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,025 shares of company stock valued at $1,415,037. Company insiders own 16.98% of the company’s stock.

About Estee Lauder Companies

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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