Estee Lauder Companies, Inc. (The) (EL) Holdings Cut by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 81.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,590 shares of the company’s stock after selling 33,846 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Estee Lauder Companies, Inc. (The) were worth $819,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EL. Dimensional Fund Advisors LP raised its position in shares of Estee Lauder Companies, Inc. (The) by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 461,168 shares of the company’s stock valued at $39,104,000 after buying an additional 7,646 shares in the last quarter. Creative Planning raised its position in shares of Estee Lauder Companies, Inc. (The) by 9.0% during the 2nd quarter. Creative Planning now owns 2,100 shares of the company’s stock valued at $202,000 after buying an additional 173 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Estee Lauder Companies, Inc. (The) by 13.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,594 shares of the company’s stock valued at $536,000 after buying an additional 660 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Estee Lauder Companies, Inc. (The) by 508.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 36,086 shares of the company’s stock valued at $3,464,000 after buying an additional 30,158 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the 2nd quarter valued at $57,100,000. Hedge funds and other institutional investors own 56.26% of the company’s stock.

Several research firms recently commented on EL. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $112.00 target price (up previously from $95.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Monday, August 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $110.00 target price (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, August 10th. Argus raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Tuesday, August 22nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $108.00 target price (up previously from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada set a $115.00 target price on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, August 21st. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Estee Lauder Companies, Inc. (The) presently has an average rating of “Buy” and an average price target of $117.42.

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Shares of Estee Lauder Companies, Inc. (EL) opened at $124.61 on Monday. The firm has a market cap of $45,885.89, a PE ratio of 32.37, a PEG ratio of 2.41 and a beta of 0.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $125.29.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.38 per share. This is a boost 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 yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is 36.76%.

In related news, EVP Carl P. Haney sold 6,941 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $123.19, for a total transaction of $855,061.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry S. Sternlicht sold 10,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the transaction, the director now directly owns 40,982 shares of the company’s stock, valued at $4,356,386.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 798,654 shares of company stock valued at $88,467,343. 16.24% of the stock is currently owned by corporate 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.

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

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