Creative Planning Buys 173 Shares of Estee Lauder Companies, Inc. (The) (NYSE:EL)

Creative Planning increased its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after buying an additional 173 shares during the period. Creative Planning’s holdings in Estee Lauder Companies, Inc. (The) were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EL. BLS Capital Fondsmaeglerselskab A S bought a new stake in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter valued at about $12,896,000. Macquarie Group Ltd. increased its position in Estee Lauder Companies, Inc. (The) by 63.1% in the fourth quarter. Macquarie Group Ltd. now owns 31,560 shares of the company’s stock valued at $2,414,000 after buying an additional 12,210 shares during the period. Raymond James Trust N.A. increased its position in Estee Lauder Companies, Inc. (The) by 6.8% in the first quarter. Raymond James Trust N.A. now owns 7,061 shares of the company’s stock valued at $599,000 after buying an additional 448 shares during the period. Charter Trust Co. acquired a new position in Estee Lauder Companies, Inc. (The) during the first quarter valued at $206,000. Finally, Stock Yards Bank & Trust Co. increased its position in Estee Lauder Companies, Inc. (The) by 6.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 73,088 shares of the company’s stock valued at $6,197,000 after buying an additional 4,384 shares during the period. Institutional investors and hedge funds own 55.38% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 105.92 on Friday. The stock has a 50 day moving average price of $98.14 and a 200-day moving average price of $90.95. The firm has a market cap of $38.96 billion, a price-to-earnings ratio of 35.50 and a beta of 0.72. Estee Lauder Companies, Inc. has a 1-year low of $75.29 and a 1-year high of $106.45.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 33.40% and a net margin of 9.62%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the company earned $0.43 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that Estee Lauder Companies, Inc. will post $3.40 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.34 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.28%. Estee Lauder Companies, Inc. (The)’s payout ratio is presently 45.48%.

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Several equities analysts recently weighed in on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $100.00 target price on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, May 31st. BidaskClub downgraded Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Deutsche Bank AG reiterated a “buy” rating and set a $108.00 target price (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, July 22nd. Stifel Nicolaus reduced their target price on Estee Lauder Companies, Inc. (The) from $108.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, June 6th. Finally, Piper Jaffray Companies assumed coverage on Estee Lauder Companies, Inc. (The) in a research report on Monday, May 1st. They set an “overweight” rating and a $93.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. Estee Lauder Companies, Inc. (The) has a consensus rating of “Buy” and an average target price of $100.83.

In other news, VP Sara E. Moss sold 14,552 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $100.22, for a total value of $1,458,401.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Fabrizio Freda sold 15,880 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $95.08, for a total value of $1,509,870.40. Following the completion of the transaction, the insider now owns 74,188 shares in the company, valued at $7,053,795.04. The disclosure for this sale can be found here. Insiders sold 69,651 shares of company stock worth $6,752,599 over the last quarter. 16.98% of the stock is currently owned by corporate insiders.

About Estee Lauder Companies, Inc. (The)

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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