Estee Lauder Companies, Inc. (The) (EL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,286 shares of the company’s stock after selling 9,820 shares during the quarter. Principal Financial Group Inc. owned 0.09% of Estee Lauder Companies, Inc. (The) worth $35,833,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in Estee Lauder Companies, Inc. (The) by 2,291.7% during the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 126.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after purchasing an additional 633 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in shares of Estee Lauder Companies, Inc. (The) in the second quarter valued at approximately $147,000. Sun Life Financial INC boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 16,290.0% in the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after purchasing an additional 1,629 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 4.8% in the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after purchasing an additional 86 shares during the period. 56.26% of the stock is owned by institutional investors.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) opened at $125.64 on Friday. 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. has a 1-year low of $75.30 and a 1-year high of $126.99. The firm has a market cap of $45,885.89, a P/E ratio of 32.37, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. sell-side analysts expect that Estee Lauder Companies, Inc. will post 4.16 EPS for the current 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 given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.21%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is 36.76%.

Several research analysts have recently commented on EL shares. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, August 10th. DA Davidson reissued a “hold” rating and issued a $125.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on shares of Estee Lauder Companies, Inc. (The) from $107.00 to $126.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. BidaskClub raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada set a $115.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, August 21st. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) has an average rating of “Buy” and an average price target of $117.42.

In other news, CFO Tracey Thomas Travis sold 5,469 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $122.00, for a total transaction of $667,218.00. Following the transaction, the chief financial officer now directly owns 37,083 shares in the company, valued at $4,524,126. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael O’hare sold 42,032 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $105.41, for a total transaction of $4,430,593.12. Following the transaction, the executive vice president now owns 17,841 shares in the company, valued at $1,880,619.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 798,654 shares of company stock worth $88,467,343. Insiders own 16.24% of the company’s stock.

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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.

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

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