Cubist Systematic Strategies LLC Has $3.08 Million Holdings in Estee Lauder Companies, Inc. (The) (EL)

Cubist Systematic Strategies LLC boosted its stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 519.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,592 shares of the company’s stock after buying an additional 23,976 shares during the period. Cubist Systematic Strategies LLC’s holdings in Estee Lauder Companies were worth $3,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of Estee Lauder Companies by 4.8% during the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after purchasing an additional 86 shares during the period. Beach Investment Management LLC. acquired a new position in shares of Estee Lauder Companies during the second quarter valued at $701,000. Global X Management Co. LLC increased its holdings in shares of Estee Lauder Companies by 10.4% during the second quarter. Global X Management Co. LLC now owns 7,095 shares of the company’s stock valued at $681,000 after purchasing an additional 669 shares during the period. Wetherby Asset Management Inc. increased its holdings in shares of Estee Lauder Companies by 12.2% during the second quarter. Wetherby Asset Management Inc. now owns 3,346 shares of the company’s stock valued at $321,000 after purchasing an additional 363 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Estee Lauder Companies by 6.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 747,774 shares of the company’s stock valued at $71,772,000 after purchasing an additional 45,663 shares during the period. 53.86% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total value of $71,670,269.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Prouve sold 100,927 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $123.01, for a total value of $12,415,030.27. Following the completion of the transaction, the insider now owns 227,119 shares of the company’s stock, valued at approximately $27,937,908.19. The disclosure for this sale can be found here. Insiders sold a total of 1,526,646 shares of company stock valued at $190,321,370 in the last quarter. 16.24% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on EL shares. Royal Bank of Canada set a $115.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a report on Monday, August 21st. Stifel Nicolaus set a $108.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a report on Friday, August 18th. Piper Jaffray Companies set a $95.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a report on Friday, August 18th. Argus raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Tuesday, August 22nd. Finally, Jefferies Group reissued a “buy” rating and set a $112.00 price target (up from $110.00) on shares of Estee Lauder Companies in a report on Monday, August 21st. Six 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. Estee Lauder Companies presently has an average rating of “Buy” and a consensus price target of $118.14.

Estee Lauder Companies, Inc. (NYSE EL) opened at $126.68 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. Estee Lauder Companies, Inc. has a 1 year low of $75.83 and a 1 year high of $126.99. The firm has a market capitalization of $46,202.57, a price-to-earnings ratio of 32.59, a P/E/G ratio of 2.42 and a beta of 0.71.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating 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 analyst estimates of $3.16 billion. During the same quarter last year, the company posted $0.85 EPS. Estee Lauder Companies’s revenue for the quarter was up 14.3% on a year-over-year basis. research analysts expect that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current fiscal year.

The business 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 $0.38 dividend. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.20%. Estee Lauder Companies’s dividend payout ratio (DPR) is 41.08%.

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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.

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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