Estee Lauder Companies Inc (EL) Shares Sold by Covington Capital Management

Covington Capital Management decreased its stake in Estee Lauder Companies Inc (NYSE:EL) by 31.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 415 shares of the company’s stock after selling 192 shares during the quarter. Covington Capital Management’s holdings in Estee Lauder Companies were worth $54,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EL. Legal & General Group Plc boosted its position in Estee Lauder Companies by 8.4% during the fourth quarter. Legal & General Group Plc now owns 1,226,514 shares of the company’s stock worth $159,514,000 after acquiring an additional 94,522 shares during the last quarter. Smith Moore & CO. boosted its position in Estee Lauder Companies by 18.3% during the fourth quarter. Smith Moore & CO. now owns 3,193 shares of the company’s stock worth $415,000 after acquiring an additional 495 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Estee Lauder Companies by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 9,789 shares of the company’s stock worth $1,274,000 after acquiring an additional 172 shares during the last quarter. CSat Investment Advisory L.P. boosted its position in Estee Lauder Companies by 13.4% during the fourth quarter. CSat Investment Advisory L.P. now owns 979 shares of the company’s stock worth $127,000 after acquiring an additional 116 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in Estee Lauder Companies by 1.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 321,334 shares of the company’s stock worth $41,806,000 after acquiring an additional 4,334 shares during the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

A number of research firms recently weighed in on EL. Morgan Stanley boosted their price target on shares of Estee Lauder Companies from $166.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada boosted their price target on shares of Estee Lauder Companies to $173.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. upgraded shares of Estee Lauder Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Thursday, March 7th. BMO Capital Markets boosted their price target on shares of Estee Lauder Companies from $140.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 6th. Finally, Zacks Investment Research upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a research report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company. Estee Lauder Companies has an average rating of “Buy” and an average target price of $156.55.

In other news, CEO Fabrizio Freda sold 98,262 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $152.20, for a total value of $14,955,476.40. Following the sale, the chief executive officer now directly owns 171,436 shares of the company’s stock, valued at approximately $26,092,559.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alexandra C. Trower sold 25,296 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $158.71, for a total transaction of $4,014,728.16. The disclosure for this sale can be found here. Insiders sold a total of 600,774 shares of company stock worth $91,688,069 over the last quarter. 16.13% of the stock is currently owned by company insiders.

NYSE:EL opened at $159.98 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $57.61 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 2.54 and a beta of 0.72. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $163.79.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.20. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.92 billion. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. Estee Lauder Companies’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. Equities analysts expect that Estee Lauder Companies Inc will post 5.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $1.72 annualized dividend and a yield of 1.08%. Estee Lauder Companies’s payout ratio is 38.14%.

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

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