Estee Lauder Companies, Inc. (The) (EL) Stake Decreased by Fayez Sarofim & Co.

Fayez Sarofim & Co. decreased its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,586,110 shares of the company’s stock after selling 16,499 shares during the quarter. Fayez Sarofim & Co. owned about 0.43% of Estee Lauder Companies, Inc. (The) worth $171,046,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Swiss National Bank lifted its position in Estee Lauder Companies, Inc. (The) by 3.1% during the 2nd quarter. Swiss National Bank now owns 812,196 shares of the company’s stock worth $77,955,000 after acquiring an additional 24,600 shares during the period. Prudential Financial Inc. lifted its position in Estee Lauder Companies, Inc. (The) by 3.5% during the 2nd quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock worth $31,060,000 after acquiring an additional 10,921 shares during the period. Comgest Global Investors S.A.S. acquired a new stake in Estee Lauder Companies, Inc. (The) during the 2nd quarter worth about $2,266,000. Clinton Group Inc. acquired a new stake in Estee Lauder Companies, Inc. (The) during the 2nd quarter worth about $529,000. Finally, JPMorgan Chase & Co. lifted its position in Estee Lauder Companies, Inc. (The) by 146.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after acquiring an additional 773,666 shares during the period. 56.26% of the stock is owned by hedge funds and other institutional investors.

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Estee Lauder Companies, Inc. (EL) traded down $0.95 during trading hours on Friday, reaching $124.69. The company’s stock had a trading volume of 2,208,958 shares, compared to its average volume of 2,138,977. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $126.99. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a market cap of $45,915.35, a price-to-earnings ratio of 32.39, a P/E/G ratio of 2.41 and a beta of 0.68.

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

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

A number of brokerages have commented on EL. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, September 20th. Royal Bank Of Canada set a $115.00 price target on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research cut Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Jefferies Group LLC lifted their price target on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Finally, Piper Jaffray Companies set a $135.00 price objective on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Estee Lauder Companies, Inc. (The) currently has a consensus rating of “Buy” and an average price target of $117.42.

In other Estee Lauder Companies, Inc. (The) news, insider Fabrizio Freda sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $105.77, for a total transaction of $31,731,000.00. Following the completion of the sale, the insider now directly owns 373,174 shares in the company, valued at approximately $39,470,613.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael O’hare sold 42,032 shares of the business’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 value of $4,430,593.12. Following the sale, the executive vice president now owns 17,841 shares of the company’s stock, valued at $1,880,619.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 798,654 shares of company stock valued at $88,467,343. 16.24% of the stock is owned by company insiders.

Estee Lauder Companies, Inc. (The) Profile

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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