Pitcairn Co. Has $455,000 Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Pitcairn Co. lowered its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 35.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,069 shares of the company’s stock after selling 3,320 shares during the quarter. Pitcairn Co.’s holdings in Estée Lauder Companies were worth $455,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EL. Public Sector Pension Investment Board increased its holdings in Estée Lauder Companies by 12.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,096 shares of the company’s stock worth $1,006,000 after purchasing an additional 1,100 shares in the last quarter. Investment Management Corp of Ontario boosted its position in shares of Estée Lauder Companies by 48.5% during the third quarter. Investment Management Corp of Ontario now owns 7,659 shares of the company’s stock valued at $764,000 after buying an additional 2,500 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Estée Lauder Companies by 130.4% during the third quarter. Integrated Wealth Concepts LLC now owns 9,081 shares of the company’s stock worth $905,000 after buying an additional 5,140 shares in the last quarter. IHT Wealth Management LLC bought a new stake in Estée Lauder Companies during the third quarter worth $455,000. Finally, Quantinno Capital Management LP raised its position in Estée Lauder Companies by 250.0% in the 3rd quarter. Quantinno Capital Management LP now owns 28,163 shares of the company’s stock valued at $2,808,000 after buying an additional 20,116 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the topic of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Stifel Nicolaus cut their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company increased their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Barclays cut their target price on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday, January 31st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $52.89 on Friday. The firm has a market capitalization of $18.99 billion, a PE ratio of -27.12, a P/E/G ratio of 6.09 and a beta of 1.10. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The company has a 50-day moving average price of $70.31 and a two-hundred day moving average price of $76.35. The Estée Lauder Companies Inc. has a twelve month low of $51.48 and a twelve month high of $149.91.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the firm earned $0.88 EPS. Estée Lauder Companies’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.65%. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Buying and Selling

In other news, CFO Akhil Shrivastava purchased 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg purchased 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies Profile

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, and powders, as well as compacts, brushes, and other makeup tools.