Sheaff Brock Investment Advisors LLC reduced its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,938 shares of the company’s stock after selling 600 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Estee Lauder Companies were worth $856,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Lloyds Banking Group plc boosted its stake in shares of Estee Lauder Companies by 1.4% during the 2nd quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock worth $181,000 after acquiring an additional 26 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Estee Lauder Companies by 1.1% during the 2nd quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock worth $365,000 after purchasing an additional 40 shares during the last quarter. Glenview Trust Co raised its position in shares of Estee Lauder Companies by 1.5% during the 2nd quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock worth $263,000 after purchasing an additional 41 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Estee Lauder Companies by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 5,662 shares of the company’s stock worth $543,000 after purchasing an additional 42 shares during the last quarter. Finally, Williams Jones & Associates LLC raised its position in shares of Estee Lauder Companies by 0.7% during the 2nd quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock worth $659,000 after purchasing an additional 45 shares during the last quarter. 53.87% of the stock is currently owned by institutional investors and hedge funds.
EL has been the subject of several research analyst reports. Royal Bank Of Canada set a $100.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Oppenheimer restated an “outperform” rating and set a $110.00 price target (up previously from $100.00) on shares of Estee Lauder Companies in a research report on Thursday, August 10th. Wells Fargo & Company restated a “buy” rating and set a $112.00 price target on shares of Estee Lauder Companies in a research report on Friday, August 11th. Telsey Advisory Group upped their price target on shares of Estee Lauder Companies from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 15th. Finally, Piper Jaffray Companies set a $95.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research report on Friday, August 18th. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $118.14.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.24. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. Estee Lauder Companies’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. analysts anticipate that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 41.08%.
In other news, CFO Tracey Thomas Travis sold 5,469 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $122.00, for a total transaction of $667,218.00. Following the completion of the sale, the chief financial officer now owns 37,083 shares in the company, valued at approximately $4,524,126. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $125.53, for a total transaction of $71,552,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,565,147 shares of company stock valued at $194,485,640 in the last 90 days. Insiders own 16.24% of the company’s stock.
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Estee Lauder Companies 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.
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