Apertura Capital LLC reduced its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 70.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the company’s stock after selling 145,000 shares during the period. Estee Lauder Companies, Inc. (The) makes up about 1.4% of Apertura Capital LLC’s holdings, making the stock its 14th largest position. Apertura Capital LLC’s holdings in Estee Lauder Companies, Inc. (The) were worth $5,759,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. YCG LLC acquired a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $3,703,000. Whittier Trust Co. increased its stake in Estee Lauder Companies, Inc. (The) by 4.1% in the first quarter. Whittier Trust Co. now owns 83,327 shares of the company’s stock valued at $7,065,000 after buying an additional 3,311 shares during the last quarter. BTC Capital Management Inc. increased its stake in Estee Lauder Companies, Inc. (The) by 46.8% in the first quarter. BTC Capital Management Inc. now owns 9,844 shares of the company’s stock valued at $837,000 after buying an additional 3,139 shares during the last quarter. Palo Capital Inc. increased its stake in Estee Lauder Companies, Inc. (The) by 2.1% in the first quarter. Palo Capital Inc. now owns 18,419 shares of the company’s stock valued at $1,562,000 after buying an additional 382 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Estee Lauder Companies, Inc. (The) by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 489,081 shares of the company’s stock valued at $41,469,000 after buying an additional 23,458 shares during the last quarter. 55.38% of the stock is owned by institutional investors.
Estee Lauder Companies, Inc. (NYSE EL) traded up 0.46% during trading on Friday, hitting $106.50. The stock had a trading volume of 3,170,872 shares. The stock has a market capitalization of $39.20 billion, a P/E ratio of 31.79 and a beta of 0.72. The company has a 50-day moving average of $99.47 and a 200-day moving average of $91.81. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $107.91.
Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts expect that Estee Lauder Companies, Inc. will post $3.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 40.60%.
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EL has been the topic of several recent analyst reports. Deutsche Bank AG cut their price objective on Estee Lauder Companies, Inc. (The) from $102.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. Vetr downgraded Estee Lauder Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $101.50 price objective on the stock. in a report on Wednesday, May 3rd. Stifel Nicolaus set a $108.00 price objective on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, July 6th. Finally, Zacks Investment Research upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $107.75.
In other Estee Lauder Companies, Inc. (The) news, insider Fabrizio Freda sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $105.77, for a total value of $31,731,000.00. Following the completion of the sale, the insider now directly owns 373,174 shares in the company, valued at $39,470,613.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Sara E. Moss sold 14,552 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. The disclosure for this sale can be found here. Insiders sold a total of 419,300 shares of company stock worth $43,755,621 over the last three months. 16.98% of the stock is currently owned by corporate insiders.
About Estee Lauder Companies, Inc. (The)
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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