Baillie Gifford & Co. Continues to Hold Holdings in Estee Lauder Companies, Inc. (The) (EL)

Baillie Gifford & Co. maintained its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,584 shares of the company’s stock at the end of the second quarter. Baillie Gifford & Co.’s holdings in Estee Lauder Companies, Inc. (The) were worth $10,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Lloyds Banking Group plc raised its position in Estee Lauder Companies, Inc. (The) 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 buying an additional 26 shares during the last quarter. Cadence Capital Management LLC raised its position in Estee Lauder Companies, Inc. (The) 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 buying an additional 42 shares during the last quarter. Cleararc Capital Inc. raised its position in Estee Lauder Companies, Inc. (The) by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 5,035 shares of the company’s stock worth $427,000 after buying an additional 46 shares during the last quarter. Banco Santander S.A. raised its position in Estee Lauder Companies, Inc. (The) by 0.5% during the 1st quarter. Banco Santander S.A. now owns 14,169 shares of the company’s stock worth $1,204,000 after buying an additional 69 shares during the last quarter. Finally, Charter Trust Co. raised its position in Estee Lauder Companies, Inc. (The) by 2.9% during the 2nd quarter. Charter Trust Co. now owns 2,496 shares of the company’s stock worth $240,000 after buying an additional 70 shares during the last quarter. 54.63% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Sara E. Moss sold 14,552 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $100.22, for a total transaction of $1,458,401.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barry S. Sternlicht sold 10,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $106.30, for a total value of $1,063,000.00. Following the transaction, the director now directly owns 40,982 shares in the company, valued at approximately $4,356,386.60. The disclosure for this sale can be found here. Insiders have sold 596,315 shares of company stock worth $62,740,193 in the last ninety days. 16.98% of the stock is currently owned by corporate insiders.

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EL has been the subject of a number of recent research reports. Telsey Advisory Group raised their price target on shares of Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 15th. Jefferies Group LLC raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Friday, June 2nd. Wells Fargo & Company reissued an “outperform” rating and set a $106.00 price target (up from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, July 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $117.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research report on Tuesday, August 29th. Finally, Deutsche Bank AG raised their price target on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $108.75.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 108.74 on Tuesday. The company has a 50-day moving average of $102.79 and a 200-day moving average of $93.55. The firm has a market cap of $40.01 billion, a PE ratio of 32.46 and a beta of 0.67. Estee Lauder Companies, Inc. has a 1-year low of $75.29 and a 1-year high of $109.83.

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 for the quarter, topping the Zacks’ 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 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 company posted $0.43 earnings per share. Estee Lauder Companies, Inc. (The)’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts predict that Estee Lauder Companies, Inc. will post $3.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is presently 40.60%.

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.

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

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