Shell Asset Management Co. Holds Stake in Estee Lauder Companies, Inc. (The) (EL)

Shell Asset Management Co. held its stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,148 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Estee Lauder Companies, Inc. (The) were worth $3,182,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. American Beacon Advisors Inc. bought a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at $100,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Estee Lauder Companies, Inc. (The) by 36.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock valued at $110,000 after buying an additional 346 shares in the last quarter. Israel Discount Bank of New York bought a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at $110,000. First Interstate Bank bought a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at $114,000. Finally, Parallel Advisors LLC boosted its position in shares of Estee Lauder Companies, Inc. (The) by 44.4% in the first quarter. Parallel Advisors LLC now owns 1,629 shares of the company’s stock valued at $149,000 after buying an additional 501 shares in the last quarter. 55.38% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies, Inc. (EL) opened at 105.92 on Friday. Estee Lauder Companies, Inc. has a one year low of $75.29 and a one year high of $106.45. The firm’s 50-day moving average price is $98.14 and its 200 day moving average price is $90.95. The firm has a market capitalization of $38.96 billion, a P/E ratio of 35.50 and a beta of 0.72.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Estee Lauder Companies, Inc. will post $3.40 earnings per share for the current fiscal year.

The business 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 dividend of $0.34 per share. 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 dividend payout ratio (DPR) is currently 45.48%.

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

In related news, Director Rose Marie Bravo sold 9,312 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $95.89, for a total value of $892,927.68. Following the sale, the director now directly owns 12,576 shares of the company’s stock, valued at $1,205,912.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sara E. Moss sold 14,552 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 69,651 shares of company stock worth $6,752,599 over the last ninety days. Insiders own 16.98% of the company’s stock.

Estee Lauder Companies, Inc. (The) 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, Inc. (The) (NYSE:EL)

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