Andra AP fonden Grows Holdings in Estee Lauder Companies, Inc. (The) (EL)

Andra AP fonden raised its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 11.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,800 shares of the company’s stock after purchasing an additional 2,400 shares during the period. Andra AP fonden’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,567,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in shares of Estee Lauder Companies, Inc. (The) by 1,676.9% during the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after buying an additional 4,431,247 shares during the last quarter. First Eagle Investment Management LLC bought a new position in shares of Estee Lauder Companies, Inc. (The) during the second quarter valued at about $186,061,000. Northern Trust Corp grew its stake in shares of Estee Lauder Companies, Inc. (The) by 41.1% during the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock valued at $358,214,000 after buying an additional 1,086,562 shares during the last quarter. BlackRock Inc. grew its stake in shares of Estee Lauder Companies, Inc. (The) by 7.4% during the second quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after buying an additional 1,022,956 shares during the last quarter. Finally, Fred Alger Management Inc. bought a new position in shares of Estee Lauder Companies, Inc. (The) during the second quarter valued at about $94,952,000. Institutional investors and hedge funds own 54.99% of the company’s stock.

EL has been the topic of a number of recent research reports. Argus raised their price objective on Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Telsey Advisory Group raised their price objective on Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Bank of America Corporation raised their price objective on Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Wells Fargo & Company reissued an “outperform” rating and issued a $106.00 target price (up from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $117.00 target price on shares of Estee Lauder Companies, Inc. (The) in a research note on Tuesday, August 29th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $117.42.

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Estee Lauder Companies, Inc. (NYSE:EL) opened at $124.61 on Friday. Estee Lauder Companies, Inc. has a 1-year low of $75.30 and a 1-year high of $125.29. The stock has a market cap of $45,580.25, a P/E ratio of 32.15, a PEG ratio of 2.39 and a beta of 0.68. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a net margin of 11.30% and a return on equity of 33.64%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the business earned $0.85 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. sell-side analysts predict that Estee Lauder Companies, Inc. will post 4.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 36.76%.

In other news, EVP Alexandra C. Trower sold 25,446 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $120.39, for a total transaction of $3,063,443.94. Following the completion of the transaction, the executive vice president now directly owns 7,732 shares in the company, valued at $930,855.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carl P. Haney sold 6,941 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $123.19, for a total transaction of $855,061.79. The disclosure for this sale can be found here. Insiders have sold 798,654 shares of company stock valued at $88,467,343 over the last quarter. Company insiders own 16.24% of the company’s stock.

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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Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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