United Bank bought a new stake in Estee Lauder Companies Inc (NYSE:EL) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 1,870 shares of the company’s stock, valued at approximately $272,000.
A number of other large investors have also bought and sold shares of the stock. NEXT Financial Group Inc acquired a new position in Estee Lauder Companies in the third quarter valued at $108,000. CSat Investment Advisory L.P. acquired a new position in Estee Lauder Companies in the second quarter valued at $106,000. Amussen Hunsaker Associates LLC acquired a new position in Estee Lauder Companies in the second quarter valued at $112,000. Itau Unibanco Holding S.A. boosted its stake in Estee Lauder Companies by 400.6% in the second quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock valued at $114,000 after acquiring an additional 637 shares in the last quarter. Finally, Fort L.P. acquired a new position in Estee Lauder Companies in the second quarter valued at $116,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $137.57, for a total value of $233,869.00. Following the completion of the sale, the director now owns 15,040 shares in the company, valued at $2,069,052.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Demsey sold 10,010 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $143.50, for a total transaction of $1,436,435.00. Following the completion of the sale, the insider now owns 21,402 shares of the company’s stock, valued at approximately $3,071,187. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,824 shares of company stock valued at $20,416,809. 16.13% of the stock is owned by insiders.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.19. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Analysts expect that Estee Lauder Companies Inc will post 4.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a $0.43 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.72 dividend on an annualized basis and a yield of 1.22%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 33.70%.
Several equities analysts have issued reports on the stock. Credit Suisse Group upped their price objective on shares of Estee Lauder Companies from $156.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Piper Jaffray Companies set a $152.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, October 22nd. Oppenheimer decreased their price objective on shares of Estee Lauder Companies from $170.00 to $148.00 and set an “outperform” rating for the company in a research note on Tuesday, August 14th. Raymond James upped their price objective on shares of Estee Lauder Companies from $151.00 to $154.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Finally, Citigroup decreased their price objective on shares of Estee Lauder Companies to $149.00 and set a “neutral” rating for the company in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $146.98.
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Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies Inc (NYSE:EL).
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