68,845 Shares in Estee Lauder Companies, Inc. (The) (EL) Acquired by Wafra Investment Advisory Group Inc. NY

Wafra Investment Advisory Group Inc. NY bought a new stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 68,845 shares of the company’s stock, valued at approximately $6,608,000.

A number of other institutional investors have also recently bought and sold shares of EL. Victory Capital Management Inc. boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 18.9% during the first quarter. Victory Capital Management Inc. now owns 23,445 shares of the company’s stock valued at $1,988,000 after acquiring an additional 3,720 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 8.0% during the first quarter. Van ECK Associates Corp now owns 3,800 shares of the company’s stock valued at $322,000 after acquiring an additional 282 shares during the last quarter. Gofen & Glossberg LLC IL boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 0.6% during the first quarter. Gofen & Glossberg LLC IL now owns 35,655 shares of the company’s stock valued at $3,023,000 after acquiring an additional 200 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 1.6% during the first quarter. Wellington Management Group LLP now owns 10,915,464 shares of the company’s stock valued at $925,523,000 after acquiring an additional 167,133 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at $153,000. 54.59% of the stock is currently owned by institutional investors.

A number of research firms recently commented on EL. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Zacks Investment Research lowered Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Jefferies Group LLC increased their price objective on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. BMO Capital Markets raised Estee Lauder Companies, Inc. (The) from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $83.00 to $107.00 in a research note on Monday, August 21st. Finally, Deutsche Bank AG increased their price objective on Estee Lauder Companies, Inc. (The) from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $110.48.

In related news, VP Sara E. Moss sold 14,552 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $100.22, for a total transaction of $1,458,401.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $105.41, for a total value of $210,820.00. Following the transaction, the director now directly owns 26,240 shares of the company’s stock, valued at approximately $2,765,958.40. The disclosure for this sale can be found here. Insiders have sold a total of 580,641 shares of company stock valued at $61,605,635 in the last three months. 16.24% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “68,845 Shares in Estee Lauder Companies, Inc. (The) (EL) Acquired by Wafra Investment Advisory Group Inc. NY” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.com-unik.info/2017/10/10/68845-shares-in-estee-lauder-companies-inc-the-el-acquired-by-wafra-investment-advisory-group-inc-ny.html.

Estee Lauder Companies, Inc. (EL) traded down 0.20% during midday trading on Tuesday, reaching $109.41. The company’s stock had a trading volume of 302,405 shares. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $110.99. The stock has a 50 day moving average of $108.07 and a 200 day moving average of $97.21. The firm has a market capitalization of $40.26 billion, a PE ratio of 32.66 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Estee Lauder Companies, Inc. will post $3.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is presently 40.60%.

Estee Lauder Companies, Inc. (The) 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.

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies, Inc. (The) (NYSE:EL).

Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

What are top analysts saying about Estee Lauder Companies Inc. (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Estee Lauder Companies Inc. (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit