Estee Lauder Companies, Inc. (The) (EL) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 27.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,859 shares of the company’s stock after purchasing an additional 2,322 shares during the period. Oppenheimer & Co. Inc.’s holdings in Estee Lauder Companies, Inc. (The) were worth $1,042,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Lloyds Banking Group plc lifted its position in shares of Estee Lauder Companies, Inc. (The) by 1.4% during the second quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock worth $181,000 after purchasing an additional 26 shares during the last quarter. Cadence Capital Management LLC lifted its position in shares of Estee Lauder Companies, Inc. (The) by 0.7% during the second 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. Cleararc Capital Inc. lifted its position in shares of Estee Lauder Companies, Inc. (The) by 0.9% during the first quarter. Cleararc Capital Inc. now owns 5,035 shares of the company’s stock worth $427,000 after purchasing an additional 46 shares during the last quarter. Banco Santander S.A. lifted its position in shares of Estee Lauder Companies, Inc. (The) by 0.5% during the first quarter. Banco Santander S.A. now owns 14,169 shares of the company’s stock worth $1,204,000 after purchasing an additional 69 shares during the last quarter. Finally, Charter Trust Co. lifted its position in shares of Estee Lauder Companies, Inc. (The) by 2.9% during the second quarter. Charter Trust Co. now owns 2,496 shares of the company’s stock worth $240,000 after purchasing an additional 70 shares during the last quarter. 54.63% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies, Inc. (EL) opened at 108.81 on Friday. The firm has a market cap of $40.04 billion, a price-to-earnings ratio of 32.48 and a beta of 0.67. Estee Lauder Companies, Inc. has a 1-year low of $75.30 and a 1-year high of $108.85. The company’s 50 day moving average is $102.65 and its 200-day moving average is $93.35.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the business earned $0.43 earnings per share. Estee Lauder Companies, Inc. (The)’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Estee Lauder Companies, Inc. will post $3.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given 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 1.25%. Estee Lauder Companies, Inc. (The)’s payout ratio is 40.60%.

Several equities analysts have recently commented on EL shares. Societe Generale cut shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and increased their price target for the stock from $90.00 to $93.00 in a research report on Monday, May 15th. Royal Bank Of Canada reissued a “buy” rating and issued a $100.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, May 31st. Jefferies Group LLC raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Friday, June 2nd. Stifel Nicolaus cut their target price on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, June 6th. Finally, Zacks Investment Research raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $108.75.

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In related news, insider Fabrizio Freda sold 15,880 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $95.08, for a total value of $1,509,870.40. Following the transaction, the insider now directly owns 74,188 shares in the company, valued at $7,053,795.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sara E. Moss sold 14,552 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. The disclosure for this sale can be found here. Insiders have sold 577,620 shares of company stock worth $60,715,391 over the last quarter. 16.98% of the stock is owned by company 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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