Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,579 shares of the company’s stock after buying an additional 1,600 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Estee Lauder Companies were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Swiss National Bank grew its stake in Estee Lauder Companies by 3.1% in the second quarter. Swiss National Bank now owns 812,196 shares of the company’s stock valued at $77,955,000 after purchasing an additional 24,600 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Estee Lauder Companies 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 acquiring 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 during the 2nd quarter worth about $2,266,000. Clinton Group Inc. bought a new stake in shares of Estee Lauder Companies during the 2nd quarter worth about $529,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Estee Lauder Companies by 146.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after acquiring an additional 773,666 shares in the last quarter. 53.86% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on EL. Oppenheimer reiterated a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies in a research note on Wednesday, September 20th. Royal Bank of Canada set a $115.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Jefferies Group increased their target price on Estee Lauder Companies from $112.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Finally, Piper Jaffray Companies set a $135.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $118.14.
Shares of Estee Lauder Companies, Inc. (NYSE EL) traded down $0.16 on Tuesday, hitting $125.47. The stock had a trading volume of 1,322,300 shares, compared to its average volume of 1,923,069. Estee Lauder Companies, Inc. has a fifty-two week low of $75.83 and a fifty-two week 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 firm has a market cap of $46,261.49, a PE ratio of 32.63, a PEG ratio of 2.43 and a beta of 0.71.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the firm posted $0.85 EPS. Estee Lauder Companies’s quarterly revenue was up 14.3% compared to the same quarter last year. analysts anticipate 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 issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.21%. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, November 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 41.08%.
In other Estee Lauder Companies news, CFO Tracey Thomas Travis sold 5,469 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $122.00, for a total value of $667,218.00. Following the transaction, the chief financial officer now directly owns 37,083 shares in the company, valued at approximately $4,524,126. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sara E. Moss sold 29,873 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $121.16, for a total value of $3,619,412.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,526,646 shares of company stock valued at $190,321,370 over the last ninety days. Insiders own 16.24% of the company’s stock.
About Estee Lauder Companies
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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