Estee Lauder Companies, Inc. (The) (EL) Major Shareholder Ronald S. Foundation Lauder Sells 14,190 Shares

Estee Lauder Companies, Inc. (The) (NYSE:EL) major shareholder Ronald S. Foundation Lauder sold 14,190 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $105.83, for a total value of $1,501,727.70. Following the completion of the transaction, the insider now owns 81,161 shares in the company, valued at approximately $8,589,268.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Estee Lauder Companies, Inc. (EL) opened at 109.69 on Friday. Estee Lauder Companies, Inc. has a 12-month low of $75.30 and a 12-month high of $110.99. The stock’s 50 day moving average price is $104.20 and its 200 day moving average price is $94.26. The company has a market cap 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 issued its quarterly earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that Estee Lauder Companies, Inc. will post $3.97 EPS for the current year.

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

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A number of brokerages have recently commented on EL. Telsey Advisory Group lifted their price target 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. Jefferies Group LLC raised Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Friday, June 2nd. Wells Fargo & Company reissued an “outperform” rating and set a $106.00 price target (up from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $117.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Tuesday, August 29th. Finally, Deutsche Bank AG lifted their price target on Estee Lauder Companies, Inc. (The) from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $109.39.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EL. Prudential Financial Inc. grew 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 purchasing 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. Nicolet Bankshares Inc. acquired a new stake in Estee Lauder Companies, Inc. (The) during the 2nd quarter worth about $289,000. Lloyds Banking Group plc grew 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 purchasing an additional 26 shares during the period. Finally, Vontobel Asset Management Inc. grew its position in Estee Lauder Companies, Inc. (The) by 29.9% during the 2nd quarter. Vontobel Asset Management Inc. now owns 411,482 shares of the company’s stock worth $39,495,000 after purchasing an additional 94,629 shares during the period. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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