World Asset Management Inc Lowers Stake in Estee Lauder Companies, Inc. (The) (EL)

World Asset Management Inc reduced its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,039 shares of the company’s stock after selling 2,484 shares during the period. World Asset Management Inc’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,115,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EL. American Beacon Advisors Inc. purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $100,000. Bronfman E.L. Rothschild L.P. increased 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 worth $110,000 after buying an additional 346 shares during the period. Israel Discount Bank of New York purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $110,000. First Interstate Bank purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $114,000. Finally, Parallel Advisors LLC boosted its stake 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 worth $149,000 after buying an additional 501 shares in the last quarter. Institutional investors and hedge funds own 55.38% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (NYSE EL) traded up 7.73% during midday trading on Friday, reaching $105.92. 8,925,828 shares of the company were exchanged. The company has a market capitalization of $38.96 billion, a PE ratio of 35.50 and a beta of 0.72. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $106.45. The firm’s 50 day moving average is $98.14 and its 200-day moving average is $90.95.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, beating the 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 analyst estimates of $2.86 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Estee Lauder Companies, Inc. will post $3.40 earnings per share for the current fiscal year.

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

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A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $100.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, May 31st. BidaskClub cut shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Deutsche Bank AG restated a “buy” rating and issued a $108.00 price objective (up previously 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 shares of 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 assumed coverage on shares of Estee Lauder Companies, Inc. (The) in a report on Monday, May 1st. They set an “overweight” rating and a $93.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $100.83.

In other Estee Lauder Companies, Inc. (The) news, VP Sara E. Moss sold 14,552 shares of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rose Marie Bravo sold 9,312 shares of the 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 completion of the sale, the director now owns 12,576 shares of the company’s stock, valued at $1,205,912.64. The disclosure for this sale can be found here. Insiders sold 69,651 shares of company stock worth $6,752,599 in the last three months. Insiders own 16.98% of the company’s stock.

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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