Nuveen Asset Management LLC Acquires 131,137 Shares of Estee Lauder Companies Inc (NYSE:EL)

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Nuveen Asset Management LLC raised its position in Estee Lauder Companies Inc (NYSE:EL) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,299,837 shares of the company’s stock after acquiring an additional 131,137 shares during the period. Nuveen Asset Management LLC’s holdings in Estee Lauder Companies were worth $433,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Asset Dedication LLC raised its holdings in shares of Estee Lauder Companies by 9.6% in the second quarter. Asset Dedication LLC now owns 559 shares of the company’s stock worth $106,000 after buying an additional 49 shares during the last quarter. JCIC Asset Management Inc. increased its holdings in Estee Lauder Companies by 7.4% in the second quarter. JCIC Asset Management Inc. now owns 725 shares of the company’s stock valued at $137,000 after buying an additional 50 shares in the last quarter. Duncker Streett & Co. Inc. increased its holdings in Estee Lauder Companies by 2.5% in the second quarter. Duncker Streett & Co. Inc. now owns 2,265 shares of the company’s stock valued at $427,000 after buying an additional 55 shares in the last quarter. Shilanski & Associates Inc. increased its holdings in Estee Lauder Companies by 1.6% in the second quarter. Shilanski & Associates Inc. now owns 4,303 shares of the company’s stock valued at $812,000 after buying an additional 67 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in Estee Lauder Companies by 5.4% in the second quarter. Flagship Harbor Advisors LLC now owns 1,345 shares of the company’s stock valued at $253,000 after buying an additional 69 shares in the last quarter. Institutional investors own 55.49% of the company’s stock.

Several brokerages have recently issued reports on EL. Zacks Investment Research lowered shares of Estee Lauder Companies from a “hold” rating to a “sell” rating and set a $224.00 target price on the stock. in a research report on Tuesday, August 25th. Citigroup boosted their price target on shares of Estee Lauder Companies from $194.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Barclays boosted their price target on shares of Estee Lauder Companies from $180.00 to $198.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Argus boosted their price target on shares of Estee Lauder Companies from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Finally, Piper Sandler upgraded shares of Estee Lauder Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $158.00 to $238.00 in a research report on Monday, June 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $216.52.

EL traded up $0.55 during trading hours on Wednesday, hitting $218.31. 15,350 shares of the company’s stock were exchanged, compared to its average volume of 1,849,400. Estee Lauder Companies Inc has a 12-month low of $137.01 and a 12-month high of $224.23. The firm has a 50 day moving average of $209.53 and a 200 day moving average of $186.99. The firm has a market cap of $78.57 billion, a P/E ratio of 119.45, a price-to-earnings-growth ratio of 3.53 and a beta of 0.77. The company has a current ratio of 1.72, a quick ratio of 1.32 and a debt-to-equity ratio of 1.24.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, August 20th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.34). Estee Lauder Companies had a return on equity of 34.57% and a net margin of 4.79%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the company earned $0.64 earnings per share. Estee Lauder Companies’s quarterly revenue was down 32.3% on a year-over-year basis. As a group, research analysts expect that Estee Lauder Companies Inc will post 4.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, August 28th. Estee Lauder Companies’s payout ratio is 46.60%.

In related news, EVP Alexandra C. Trower sold 21,428 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $215.44, for a total transaction of $4,616,448.32. Following the completion of the sale, the executive vice president now owns 6,751 shares in the company, valued at approximately $1,454,435.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rose Marie Bravo sold 4,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $206.18, for a total transaction of $824,720.00. Following the sale, the director now owns 7,900 shares of the company’s stock, valued at approximately $1,628,822. The disclosure for this sale can be found here. In the last 90 days, insiders sold 372,567 shares of company stock valued at $81,248,019. Company insiders own 14.68% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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