Estee Lauder Companies Inc (NYSE:EL) Shares Bought by Securian Asset Management Inc

Securian Asset Management Inc grew its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,007 shares of the company’s stock after acquiring an additional 298 shares during the period. Securian Asset Management Inc’s holdings in Estee Lauder Companies were worth $4,213,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EL. Next Capital Management LLC acquired a new stake in shares of Estee Lauder Companies during the second quarter valued at about $25,000. Massey Quick Simon & CO. LLC grew its stake in shares of Estee Lauder Companies by 387.9% during the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after acquiring an additional 128 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in shares of Estee Lauder Companies during the second quarter valued at about $33,000. Meeder Asset Management Inc. bought a new position in shares of Estee Lauder Companies during the second quarter worth about $34,000. Finally, Thor Advisors LLC bought a new position in shares of Estee Lauder Companies during the first quarter worth about $37,000. Institutional investors own 54.82% of the company’s stock.

In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 6,608 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total value of $1,346,578.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 16.13% of the company’s stock.

Several equities analysts have recently commented on EL shares. DA Davidson increased their price target on shares of Estee Lauder Companies from $6.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday. They noted that the move was a valuation call. Stifel Nicolaus increased their price target on shares of Estee Lauder Companies from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup increased their price target on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James reaffirmed an “outperform” rating and set a $216.00 price target (up previously from $181.00) on shares of Estee Lauder Companies in a research report on Tuesday. Finally, Credit Suisse Group increased their price target on shares of Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $188.88.

NYSE EL traded down $1.39 during trading hours on Thursday, reaching $202.33. The company’s stock had a trading volume of 6,807 shares, compared to its average volume of 1,749,974. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $186.23 and a 200 day simple moving average of $170.72. Estee Lauder Companies Inc has a 52 week low of $121.47 and a 52 week high of $206.00. The stock has a market cap of $72.97 billion, a PE ratio of 37.84, a PEG ratio of 2.64 and a beta of 0.81.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.11. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the company posted $0.61 earnings per share. Estee Lauder Companies’s revenue was up 9.0% on a year-over-year basis. As a group, equities analysts predict that Estee Lauder Companies Inc will post 5.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.43 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.72 dividend on an annualized basis and a yield of 0.85%. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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