Sei Investments Co. Has $11.26 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Sei Investments Co. boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 568.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,164 shares of the company's stock after purchasing an additional 127,699 shares during the period. Sei Investments Co.'s holdings in Estée Lauder Companies were worth $11,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Estée Lauder Companies by 11,026.8% during the fourth quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock worth $250,704,000 after purchasing an additional 3,313,557 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Estée Lauder Companies by 46.4% during the 4th quarter. Mizuho Securities USA LLC now owns 22,124 shares of the company's stock worth $1,659,000 after acquiring an additional 7,014 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in Estée Lauder Companies in the 4th quarter valued at about $1,452,000. Teacher Retirement System of Texas bought a new position in shares of Estée Lauder Companies in the fourth quarter worth about $1,032,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Estée Lauder Companies by 34.7% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,936 shares of the company's stock worth $816,000 after purchasing an additional 2,816 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EL shares. Morgan Stanley reduced their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. DA Davidson reaffirmed a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Canaccord Genuity Group cut their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. Finally, CICC Research initiated coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They set a "market perform" rating and a $82.00 price target for the company. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $86.00.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 43,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Up 0.9 %

NYSE:EL traded up $0.59 on Monday, hitting $66.01. 3,118,282 shares of the company's stock were exchanged, compared to its average volume of 3,822,270. The firm has a 50-day moving average price of $72.02 and a 200-day moving average price of $77.09. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $155.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market cap of $23.70 billion, a P/E ratio of -33.85, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies's revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.12%. Estée Lauder Companies's payout ratio is -71.79%.

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, and powders, as well as compacts, brushes, and other makeup tools.