Artemis Investment Management LLP Has $16.09 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Artemis Investment Management LLP increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 8.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,431 shares of the company’s stock after acquiring an additional 7,874 shares during the period. Artemis Investment Management LLP’s holdings in Estée Lauder Companies were worth $16,090,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $518,975,000. Lazard Asset Management LLC grew its position in Estée Lauder Companies by 68.5% in the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after purchasing an additional 1,512,982 shares in the last quarter. Carmignac Gestion increased its stake in Estée Lauder Companies by 1,908.0% in the 4th quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after buying an additional 1,136,201 shares during the last quarter. Vanguard Group Inc. lifted its position in Estée Lauder Companies by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 19,435,995 shares of the company’s stock worth $2,842,514,000 after buying an additional 809,370 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in Estée Lauder Companies by 32.6% during the 4th quarter. Clearbridge Investments LLC now owns 3,022,816 shares of the company’s stock worth $442,087,000 after buying an additional 742,449 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Insider Transactions at Estée Lauder Companies

In related news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $6,958,990.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the transaction, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jane Lauder sold 14,976 shares of the stock in a transaction 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 owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,255 shares of company stock valued at $5,453,232. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Down 4.0 %

EL stock opened at $106.40 on Friday. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $198.86. The business has a 50-day simple moving average of $126.73 and a 200 day simple moving average of $137.22. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The company has a market cap of $38.15 billion, a PE ratio of 59.78, a price-to-earnings-growth ratio of 3.45 and a beta of 1.04.

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, topping analysts’ consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. Sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.64 annualized dividend and a dividend yield of 2.48%. Estée Lauder Companies’s payout ratio is 148.32%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays lowered their target price on Estée Lauder Companies from $140.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. StockNews.com raised Estée Lauder Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $155.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Citigroup upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Sixteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $160.75.

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.