Fayez Sarofim & Co. Lowers Holdings in Estee Lauder Companies, Inc. (The) (EL)

Fayez Sarofim & Co. lowered its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 2.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,602,609 shares of the company’s stock after selling 31,989 shares during the quarter. Fayez Sarofim & Co. owned about 0.44% of Estee Lauder Companies, Inc. (The) worth $153,818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Lloyds Banking Group plc lifted its position in Estee Lauder Companies, Inc. (The) by 1.4% during the 2nd quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock worth $181,000 after acquiring an additional 26 shares during the period. Cadence Capital Management LLC lifted its position in Estee Lauder Companies, Inc. (The) by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 5,662 shares of the company’s stock worth $543,000 after acquiring an additional 42 shares during the period. Cleararc Capital Inc. lifted its position in Estee Lauder Companies, Inc. (The) by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 5,035 shares of the company’s stock worth $427,000 after acquiring an additional 46 shares during the period. Banco Santander S.A. lifted its position in Estee Lauder Companies, Inc. (The) by 0.5% during the 1st quarter. Banco Santander S.A. now owns 14,169 shares of the company’s stock worth $1,204,000 after acquiring an additional 69 shares during the period. Finally, Charter Trust Co. lifted its position in Estee Lauder Companies, Inc. (The) by 2.9% during the 2nd quarter. Charter Trust Co. now owns 2,496 shares of the company’s stock worth $240,000 after acquiring an additional 70 shares during the period. 54.63% of the stock is owned by institutional investors.

Estee Lauder Companies, Inc. (NYSE:EL) traded down 0.29% during midday trading on Friday, reaching $109.69. The company’s stock had a trading volume of 1,896,840 shares. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $110.99. The company’s 50-day moving average is $104.20 and its 200 day moving average is $94.26. The firm has a market capitalization of $40.36 billion, a P/E ratio of 32.74 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings data on Friday, August 18th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. Analysts expect that Estee Lauder Companies, Inc. will post $3.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.24%. Estee Lauder Companies, Inc. (The)’s payout ratio is 40.60%.

A number of brokerages have commented on EL. Macquarie began coverage on Estee Lauder Companies, Inc. (The) in a research report on Friday. They set an “outperform” rating and a $124.00 price target for the company. Jefferies Group LLC boosted their price objective on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Sanford C. Bernstein reissued an “outperform” rating and issued a $117.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 29th. Zacks Investment Research raised Estee Lauder Companies, Inc. (The) from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective for the company in a report on Tuesday, August 22nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $122.00 price objective (up previously from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $109.39.

In other news, VP Sara E. Moss sold 3,971 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $108.00, for a total transaction of $428,868.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sara E. Moss sold 14,552 shares of Estee Lauder Companies, Inc. (The) 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. Over the last quarter, insiders have sold 568,791 shares of company stock valued at $60,070,365. Insiders own 16.98% 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.

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

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