CIBC Private Wealth Group LLC Has $845,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

CIBC Private Wealth Group LLC lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,779 shares of the company’s stock after selling 1,097 shares during the period. CIBC Private Wealth Group LLC’s holdings in Estée Lauder Companies were worth $845,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Carmignac Gestion lifted its holdings in shares of Estée Lauder Companies by 1,908.0% during the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock worth $174,895,000 after purchasing an additional 1,136,201 shares during the period. Bell Asset Management Ltd lifted its holdings in Estée Lauder Companies by 11.1% in the fourth quarter. Bell Asset Management Ltd now owns 70,426 shares of the company’s stock valued at $10,300,000 after buying an additional 7,062 shares during the period. Rafferty Asset Management LLC lifted its holdings in Estée Lauder Companies by 21.7% in the fourth quarter. Rafferty Asset Management LLC now owns 21,014 shares of the company’s stock valued at $3,073,000 after buying an additional 3,743 shares during the period. Premier Fund Managers Ltd lifted its holdings in Estée Lauder Companies by 0.4% in the fourth quarter. Premier Fund Managers Ltd now owns 23,862 shares of the company’s stock valued at $3,523,000 after buying an additional 100 shares during the period. Finally, NEOS Investment Management LLC lifted its holdings in Estée Lauder Companies by 45.2% in the fourth quarter. NEOS Investment Management LLC now owns 3,259 shares of the company’s stock valued at $477,000 after buying an additional 1,015 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Estée Lauder Companies from $150.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Bernstein Bank upped their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. Bank of America upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $160.00 to $170.00 in a report on Thursday, March 28th. The Goldman Sachs Group started coverage on shares of Estée Lauder Companies in a report on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective on the stock. Finally, Canaccord Genuity Group dropped their price objective on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Sixteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $160.92.

View Our Latest Report on Estée Lauder Companies

Insider Activity

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the transaction, the chief financial officer now directly owns 47,248 shares of the company’s stock, valued at approximately $6,412,971.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the transaction, the chief financial officer now directly owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock valued at $5,453,232 in the last three months. Company insiders own 12.77% of the company’s stock.

Estée Lauder Companies Trading Down 2.5 %

NYSE:EL opened at $120.47 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market cap of $43.20 billion, a price-to-earnings ratio of 67.68, a price-to-earnings-growth ratio of 3.30 and a beta of 1.04. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $204.41. The firm has a 50-day moving average price of $136.00 and a two-hundred day moving average price of $139.07.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, May 31st. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

Estée Lauder Companies Profile

(Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

See Also

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

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