Schwab Charles Investment Management Inc. raised its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 763,510 shares of the company’s stock after acquiring an additional 15,736 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.21% of Estee Lauder Companies worth $82,337,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of Estee Lauder Companies by 3.1% in the 2nd quarter. Swiss National Bank now owns 812,196 shares of the company’s stock worth $77,955,000 after purchasing an additional 24,600 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Estee Lauder Companies by 3.5% in 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 in the last quarter. Comgest Global Investors S.A.S. bought a new stake in shares of Estee Lauder Companies in the 2nd quarter worth approximately $2,266,000. Clinton Group Inc. bought a new stake in shares of Estee Lauder Companies in the 2nd quarter worth approximately $529,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Estee Lauder Companies by 146.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after purchasing an additional 773,666 shares in the last quarter. 53.90% of the stock is currently owned by institutional investors and hedge funds.
EL has been the subject of a number of recent analyst reports. Wells Fargo & Company restated a “buy” rating and issued a $112.00 price objective on shares of Estee Lauder Companies in a report on Friday, August 11th. Stifel Nicolaus set a $108.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday, August 18th. Piper Jaffray Companies set a $95.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday, August 18th. Royal Bank Of Canada set a $115.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Jefferies Group restated a “buy” rating and issued a $112.00 price objective (up from $110.00) on shares of Estee Lauder Companies in a report on Monday, August 21st. Six equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Estee Lauder Companies currently has a consensus rating of “Buy” and an average price target of $118.14.
Shares of Estee Lauder Companies, Inc. (EL) opened at $124.77 on Friday. Estee Lauder Companies, Inc. has a 1 year low of $75.68 and a 1 year high of $126.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75. The stock has a market cap of $45,944.80, a price-to-earnings ratio of 32.41, a PEG ratio of 2.41 and a beta of 0.70.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. sell-side analysts forecast that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.38 per share. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.22%. Estee Lauder Companies’s payout ratio is presently 41.08%.
In related news, CFO Tracey Thomas Travis sold 5,469 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $122.00, for a total value of $667,218.00. Following the completion of the transaction, the chief financial officer now owns 37,083 shares of the company’s stock, valued at approximately $4,524,126. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael O’hare sold 2,619 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $108.56, for a total transaction of $284,318.64. Following the completion of the transaction, the executive vice president now directly owns 5,929 shares of the company’s stock, valued at approximately $643,652.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,565,147 shares of company stock valued at $194,485,640. Insiders own 16.24% of the company’s stock.
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Estee Lauder Companies Company 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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