Sumitomo Life Insurance Co. Has $2.26 Million Position in Estee Lauder Companies Inc (EL)

Sumitomo Life Insurance Co. cut its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 9.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,634 shares of the company’s stock after selling 1,503 shares during the period. Sumitomo Life Insurance Co.’s holdings in Estee Lauder Companies were worth $2,257,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Machina Capital S.A.S. bought a new position in Estee Lauder Companies in the 4th quarter valued at about $30,000. Contravisory Investment Management Inc. raised its position in Estee Lauder Companies by 215.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 369 shares of the company’s stock worth $48,000 after acquiring an additional 252 shares during the period. Oregon Public Employees Retirement Fund raised its position in Estee Lauder Companies by 6,015.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after acquiring an additional 6,784,090 shares during the period. Glassman Wealth Services raised its position in Estee Lauder Companies by 177.5% in the fourth quarter. Glassman Wealth Services now owns 469 shares of the company’s stock worth $61,000 after acquiring an additional 300 shares during the period. Finally, JCIC Asset Management Inc. raised its position in shares of Estee Lauder Companies by 19.9% during the 4th quarter. JCIC Asset Management Inc. now owns 488 shares of the company’s stock valued at $63,000 after purchasing an additional 81 shares during the period. 53.73% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on EL. Oppenheimer raised their price objective on shares of Estee Lauder Companies from $164.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Citigroup raised their price objective on shares of Estee Lauder Companies from $179.00 to $188.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus raised their price objective on shares of Estee Lauder Companies from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Argus raised their price objective on shares of Estee Lauder Companies to $195.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Wells Fargo & Co raised their price objective on shares of Estee Lauder Companies from $142.00 to $155.00 and gave the company a “market perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. Estee Lauder Companies presently has an average rating of “Buy” and a consensus price target of $163.13.

In other news, VP Sara E. Moss sold 22,788 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $150.10, for a total transaction of $3,420,478.80. Following the sale, the vice president now owns 6,697 shares of the company’s stock, valued at $1,005,219.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 38,080 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $153.41, for a total transaction of $5,841,852.80. Following the sale, the insider now directly owns 105,051 shares in the company, valued at approximately $16,115,873.91. The disclosure for this sale can be found here. Insiders have sold 574,507 shares of company stock valued at $89,174,250 over the last 90 days. 16.13% of the stock is currently owned by company insiders.

EL opened at $169.84 on Wednesday. The firm has a market cap of $61.34 billion, a P/E ratio of 37.66, a P/E/G ratio of 2.56 and a beta of 0.72. Estee Lauder Companies Inc has a fifty-two week low of $121.47 and a fifty-two week high of $170.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 1.27.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.20. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. Estee Lauder Companies’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.52 earnings per share. As a group, research analysts predict that Estee Lauder Companies Inc will post 5.06 EPS for the current year.

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Estee Lauder Companies 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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