Cipher Capital LP Invests $3.97 Million in Estee Lauder Companies, Inc. (The) (EL)

Cipher Capital LP bought a new stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,809 shares of the company’s stock, valued at approximately $3,970,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC raised its holdings in shares of Estee Lauder Companies, Inc. (The) by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after acquiring an additional 1,100 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings 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 acquiring an additional 633 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Estee Lauder Companies, Inc. (The) in the second quarter valued at about $147,000. Sun Life Financial INC raised its holdings 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 acquiring an additional 1,629 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings 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 acquiring an additional 86 shares in the last quarter. 56.26% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies, Inc. (NYSE:EL) traded down $0.95 on Friday, hitting $124.69. 2,208,958 shares of the stock traded hands, compared to its average volume of 2,138,977. Estee Lauder Companies, Inc. has a 12-month low of $75.30 and a 12-month 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 firm has a market capitalization of $45,915.35, a P/E 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. research analysts expect that Estee Lauder Companies, Inc. will post 4.16 EPS for the current fiscal year.

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

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EL has been the subject of several recent research reports. Argus lifted their price objective on Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Telsey Advisory Group lifted their price objective on Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 15th. Bank of America Corporation lifted their price objective on Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the company a “buy” rating in a report on Friday, October 13th. Wells Fargo & Company restated an “outperform” rating and issued a $106.00 price objective (up from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Finally, Sanford C. Bernstein restated 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. Seven 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $117.42.

In related news, EVP Carl P. Haney sold 6,941 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $123.19, for a total value of $855,061.79. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael O’hare sold 42,032 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $105.41, for a total value of $4,430,593.12. Following the completion of the sale, the executive vice president now owns 17,841 shares in the company, valued at approximately $1,880,619.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 798,654 shares of company stock worth $88,467,343. 16.24% of the stock is owned by 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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