Canada Pension Plan Investment Board Has $82.14 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Canada Pension Plan Investment Board boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 46.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 772,027 shares of the company’s stock after acquiring an additional 245,600 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.22% of Estée Lauder Companies worth $82,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. 9258 Wealth Management LLC boosted its stake in shares of Estée Lauder Companies by 59.3% in the 4th quarter. 9258 Wealth Management LLC now owns 3,043 shares of the company’s stock valued at $445,000 after purchasing an additional 1,133 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Estée Lauder Companies by 1,137.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 399,807 shares of the company’s stock worth $554,000 after acquiring an additional 367,503 shares during the period. Assetmark Inc. raised its position in shares of Estée Lauder Companies by 52.1% during the 4th quarter. Assetmark Inc. now owns 17,729 shares of the company’s stock valued at $2,593,000 after acquiring an additional 6,072 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Estée Lauder Companies by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock valued at $98,000 after purchasing an additional 96 shares during the period. Finally, Oak Harbor Wealth Partners LLC boosted its position in shares of Estée Lauder Companies by 8.2% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 2,731 shares of the company’s stock worth $399,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EL shares. Canaccord Genuity Group reissued a “hold” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. The Goldman Sachs Group reduced their price objective on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a research note on Monday, August 19th. UBS Group reduced their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Finally, Stifel Nicolaus lowered their price objective on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Fourteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $120.27.

Estée Lauder Companies Trading Down 2.8 %

NYSE EL opened at $85.01 on Friday. The Estée Lauder Companies Inc. has a 12 month low of $82.39 and a 12 month high of $159.75. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average of $92.92 and a 200-day moving average of $118.15. The company has a market cap of $30.48 billion, a PE ratio of 47.76, a PEG ratio of 1.42 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the business earned $0.07 EPS. Estée Lauder Companies’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.66 per share. The ex-dividend date was Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 3.11%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by company insiders.

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.