Estee Lauder Companies, Inc. (The) (EL) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,034 shares of the company’s stock after selling 18,848 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Estee Lauder Companies, Inc. (The) worth $40,228,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Lloyds Banking Group plc grew its stake 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 valued at $181,000 after acquiring an additional 26 shares in the last quarter. Moors & Cabot Inc. grew its stake in Estee Lauder Companies, Inc. (The) by 1.1% during the 2nd quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock valued at $365,000 after acquiring an additional 40 shares in the last quarter. Glenview Trust Co grew its stake in Estee Lauder Companies, Inc. (The) by 1.5% during the 2nd quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock valued at $263,000 after acquiring an additional 41 shares in the last quarter. Cadence Capital Management LLC grew its stake 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 valued at $543,000 after acquiring an additional 42 shares in the last quarter. Finally, Williams Jones & Associates LLC grew its stake in Estee Lauder Companies, Inc. (The) by 0.7% during the 2nd quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock valued at $659,000 after acquiring an additional 45 shares in the last quarter. 56.26% of the stock is currently owned by institutional investors.

EL has been the topic of several research analyst reports. Royal Bank Of Canada set a $100.00 target price on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 9th. BidaskClub raised Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Deutsche Bank AG reaffirmed a “buy” rating and set a $108.00 target price (up previously from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Wells Fargo & Company reiterated a “buy” rating and set a $112.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Friday, August 11th. Finally, Stifel Nicolaus set a $108.00 price target on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a report on Friday, August 18th. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $117.42.

Shares of Estee Lauder Companies, Inc. (NYSE EL) traded down $1.41 on Thursday, hitting $124.61. The stock had a trading volume of 1,392,200 shares, compared to its average volume of 1,930,323. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71. Estee Lauder Companies, Inc. has a twelve month low of $75.30 and a twelve month high of $126.99. The firm has a market capitalization of $46,405.10, a price-to-earnings ratio of 32.73, a PEG ratio of 2.43 and a beta of 0.68.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a return on equity of 33.64% and a net margin of 11.30%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. equities analysts predict that Estee Lauder Companies, Inc. will post 4.16 EPS for the current fiscal 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 paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is 36.76%.

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In other Estee Lauder Companies, Inc. (The) news, Director Barry S. Sternlicht sold 10,000 shares of the stock in a transaction dated 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 owns 40,982 shares of the company’s stock, valued at $4,356,386.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexandra C. Trower sold 25,446 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $120.39, for a total value of $3,063,443.94. Following the completion of the transaction, the executive vice president now directly owns 7,732 shares in the company, valued at approximately $930,855.48. The disclosure for this sale can be found here. Insiders have sold 798,654 shares of company stock worth $88,467,343 in the last ninety days. 16.24% of the stock is currently owned by 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.

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

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