Marshall Wace LLP Has $211 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Marshall Wace LLP raised its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 3,065.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,983,083 shares of the company’s stock after purchasing an additional 1,920,439 shares during the period. Marshall Wace LLP owned approximately 0.55% of Estée Lauder Companies worth $211,000,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky raised its position in Estée Lauder Companies by 113.7% during 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 in the last quarter. BNP Paribas bought a new stake in shares of Estée Lauder Companies during the first quarter worth $997,000. Transcend Capital Advisors LLC bought a new stake in shares of Estée Lauder Companies during the second quarter worth $558,000. Headlands Technologies LLC bought a new stake in shares of Estée Lauder Companies during the second quarter worth $6,043,000. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Estée Lauder Companies by 3,477.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 566,180 shares of the company’s stock worth $82,804,000 after buying an additional 550,355 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Estée Lauder Companies

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

Analysts Set New Price Targets

Several analysts recently weighed in on EL shares. B. Riley started coverage on shares of Estée Lauder Companies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price objective on the stock. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $140.00 to $100.00 in a research report on Friday, August 16th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. Finally, StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Friday. Fourteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $120.27.

Estée Lauder Companies Trading Up 2.0 %

EL opened at $86.69 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The firm has a market capitalization of $31.08 billion, a PE ratio of 48.70, a P/E/G ratio of 1.42 and a beta of 1.00. The company’s 50-day moving average is $92.63 and its 200 day moving average is $117.32.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.07 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.05%. Estée Lauder Companies’s dividend payout ratio (DPR) is 148.31%.

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.