Today, British Columbia Investment Management Corp Buys 9,119 Shares of Estee Lauder Companies Inc. (EL)

Today, British Columbia Investment Management Corp Buys 9,119 Shares of Estee Lauder Companies Inc. (EL)

British Columbia Investment Management Corp increased its position in shares of Estee Lauder Companies Inc. (NYSE:EL) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,119 shares of the company’s stock after buying an additional 9,119 shares during the period. British Columbia Investment Management Corp’s holdings in Estee Lauder Companies were worth $11,081,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Gofen & Glossberg LLC IL raised its position in Estee Lauder Companies by 0.4% in the second quarter. Gofen & Glossberg LLC IL now owns 35,651 shares of the company’s stock worth $3,245,000 after buying an additional 150 shares during the period. Douglass Winthrop Advisors LLC raised its position in Estee Lauder Companies by 3.7% in the second quarter. Douglass Winthrop Advisors LLC now owns 3,500 shares of the company’s stock worth $282,000 after buying an additional 125 shares during the period. Capstone Asset Management Co. raised its position in Estee Lauder Companies by 6.2% in the second quarter. Capstone Asset Management Co. now owns 28,134 shares of the company’s stock worth $2,561,000 after buying an additional 1,639 shares during the period. Creative Planning raised its position in Estee Lauder Companies by 151.1% in the second quarter. Creative Planning now owns 1,273 shares of the company’s stock worth $116,000 after buying an additional 766 shares during the period. Finally, Atria Investments LLC bought a new position in Estee Lauder Companies during the second quarter worth $260,000. Institutional investors and hedge funds own 54.65% of the company’s stock.

Shares of Estee Lauder Companies Inc. (NYSE:EL) traded up 1.12% on Friday, reaching $78.65. The company’s stock had a trading volume of 834,686 shares. The company’s 50 day moving average is $82.98 and its 200-day moving average is $89.25. The firm has a market cap of $28.82 billion, a price-to-earnings ratio of 26.85 and a beta of 0.87. Estee Lauder Companies Inc. has a 1-year low of $76.65 and a 1-year high of $97.48.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. Estee Lauder Companies had a return on equity of 32.90% and a net margin of 9.73%. The company earned $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts expect that Estee Lauder Companies Inc. will post $3.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a $0.34 dividend. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, November 28th. Estee Lauder Companies’s dividend payout ratio is 40.82%.

A number of equities analysts recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target on shares of Estee Lauder Companies in a research report on Friday, August 19th. Piper Jaffray Cos. restated an “overweight” rating and set a $100.00 price objective on shares of Estee Lauder Companies in a research report on Saturday, August 13th. Citigroup Inc. decreased their price objective on Estee Lauder Companies from $101.00 to $99.00 and set a “neutral” rating for the company in a research report on Monday, August 22nd. Jefferies Group decreased their price objective on Estee Lauder Companies from $98.00 to $95.00 and set a “hold” rating for the company in a research report on Monday, August 22nd. Finally, Zacks Investment Research lowered Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $100.03.

In other news, insider Fabrizio Freda sold 18,758 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $88.01, for a total transaction of $1,650,891.58. Following the completion of the transaction, the insider now directly owns 89,532 shares of the company’s stock, valued at $7,879,711.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cedric Prouve sold 82,608 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $88.97, for a total value of $7,349,633.76. Following the transaction, the insider now directly owns 277,578 shares of the company’s stock, valued at $24,696,114.66. The disclosure for this sale can be found here. 16.98% of the stock is owned by company insiders.

Estee Lauder Companies Company Profile

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

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