SeaBridge Investment Advisors LLC Boosts Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

SeaBridge Investment Advisors LLC raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 79.8% during the first quarter, Holdings Channel.com reports. The firm owned 16,883 shares of the company’s stock after purchasing an additional 7,494 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Estée Lauder Companies were worth $2,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EL. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Estée Lauder Companies by 113.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 156,583 shares of the company’s stock valued at $22,900,000 after purchasing an additional 83,320 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of Estée Lauder Companies by 3,477.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 566,180 shares of the company’s stock worth $82,804,000 after acquiring an additional 550,355 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Estée Lauder Companies by 517.6% during the 4th quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock worth $6,820,000 after acquiring an additional 39,082 shares in the last quarter. Unique Wealth Strategies LLC acquired a new stake in shares of Estée Lauder Companies in the 4th quarter worth approximately $819,000. Finally, YCG LLC increased its stake in Estée Lauder Companies by 5.7% in the 4th quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after purchasing an additional 9,619 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 0.0 %

NYSE:EL traded down $0.05 during mid-day trading on Friday, reaching $106.39. The stock had a trading volume of 3,073,839 shares, compared to its average volume of 2,802,429. The stock’s 50 day simple moving average is $123.44 and its two-hundred day simple moving average is $136.21. The Estée Lauder Companies Inc. has a 1-year low of $102.22 and a 1-year high of $197.41. The company has a market capitalization of $38.15 billion, a price-to-earnings ratio of 59.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a $0.66 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.48%. Estée Lauder Companies’s payout ratio is currently 148.31%.

Analyst Upgrades and Downgrades

EL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Canaccord Genuity Group dropped their price objective on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Barclays decreased their price target on shares of Estée Lauder Companies from $140.00 to $136.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. DA Davidson reissued a “buy” rating and set a $191.00 price target on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Finally, Bank of America upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. Sixteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price of $160.75.

Insider Activity

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

Estée Lauder Companies Company 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.