Capital One National Association Sells 769 Shares of Estee Lauder Companies Inc (EL)

Capital One National Association trimmed its holdings in Estee Lauder Companies Inc (NYSE:EL) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,954 shares of the company’s stock after selling 769 shares during the period. Capital One National Association’s holdings in Estee Lauder Companies were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First Republic Investment Management Inc. grew its stake in Estee Lauder Companies by 107.3% in the 3rd quarter. First Republic Investment Management Inc. now owns 30,303 shares of the company’s stock valued at $3,268,000 after buying an additional 15,684 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Estee Lauder Companies by 7.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,579 shares of the company’s stock valued at $2,553,000 after purchasing an additional 1,600 shares in the last quarter. Investec Asset Management LTD grew its position in shares of Estee Lauder Companies by 931.2% during the 3rd quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock valued at $112,208,000 after purchasing an additional 939,600 shares in the last quarter. Hartford Investment Management Co. grew its position in shares of Estee Lauder Companies by 3.0% during the 3rd quarter. Hartford Investment Management Co. now owns 50,131 shares of the company’s stock valued at $5,406,000 after purchasing an additional 1,473 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Estee Lauder Companies by 519.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 28,592 shares of the company’s stock valued at $3,083,000 after purchasing an additional 23,976 shares in the last quarter. Institutional investors and hedge funds own 54.03% of the company’s stock.

Shares of Estee Lauder Companies Inc (NYSE:EL) opened at $139.73 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market cap of $50,569.20, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.44 and a beta of 0.74. Estee Lauder Companies Inc has a one year low of $81.69 and a one year high of $139.99.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. equities analysts anticipate that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio is presently 52.78%.

A number of research firms have recently commented on EL. Wells Fargo & Co restated a “buy” rating and set a $150.00 price target on shares of Estee Lauder Companies in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Tuesday, February 6th. Bank of America boosted their price target on shares of Estee Lauder Companies from $143.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Morgan Stanley boosted their price target on shares of Estee Lauder Companies from $139.00 to $147.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Finally, BMO Capital Markets boosted their price target on shares of Estee Lauder Companies to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $128.57.

In other Estee Lauder Companies news, EVP Michael O’hare sold 26,203 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $133.40, for a total value of $3,495,480.20. Following the completion of the sale, the executive vice president now directly owns 7,583 shares of the company’s stock, valued at $1,011,572.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Parsons sold 9,312 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $132.96, for a total transaction of $1,238,123.52. Following the completion of the sale, the director now directly owns 4,576 shares of the company’s stock, valued at $608,424.96. The disclosure for this sale can be found here. Insiders sold 1,278,703 shares of company stock valued at $161,176,694 over the last three months. 16.24% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Capital One National Association Sells 769 Shares of Estee Lauder Companies Inc (EL)” was reported by Markets Daily and is owned by of Markets Daily. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.themarketsdaily.com/2018/02/15/capital-one-national-association-sells-769-shares-of-estee-lauder-companies-inc-el.html.

Estee Lauder Companies 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.

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).

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply