Oppenheimer & Co. Inc. lowered its position in shares of Estee Lauder Companies Inc. (NYSE:EL) by 6.4% during the third quarter, Holdings Channel reports. The institutional investor owned 39,925 shares of the company’s stock after selling 2,718 shares during the period. Oppenheimer & Co. Inc.’s holdings in Estee Lauder Companies were worth $3,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its position in Estee Lauder Companies by 5.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,710 shares of the company’s stock valued at $823,000 after buying an additional 449 shares during the period. Fulton Bank N.A. raised its position in Estee Lauder Companies by 0.6% in the second quarter. Fulton Bank N.A. now owns 11,597 shares of the company’s stock valued at $1,055,000 after buying an additional 69 shares during the period. Park National Corp OH raised its position in Estee Lauder Companies by 19.7% in the second quarter. Park National Corp OH now owns 14,146 shares of the company’s stock valued at $1,287,000 after buying an additional 2,325 shares during the period. Osborn Rohs Williams & Donohoe Ltd raised its position in Estee Lauder Companies by 12.5% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 12,511 shares of the company’s stock valued at $1,139,000 after buying an additional 1,386 shares during the period. Finally, DNB Asset Management AS raised its position in Estee Lauder Companies by 2.3% in the second quarter. DNB Asset Management AS now owns 17,980 shares of the company’s stock valued at $1,637,000 after buying an additional 400 shares during the period. 54.20% of the stock is owned by institutional investors and hedge funds.

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

Estee Lauder Companies Inc. (NYSE:EL) traded down 1.16% during midday trading on Wednesday, reaching $77.70. 2,557,583 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $82.45 and its 200 day moving average price is $88.95. The firm has a market cap of $28.47 billion, a price-to-earnings ratio of 26.53 and a beta of 0.87. Estee Lauder Companies Inc. has a 1-year low of $76.65 and a 1-year high of $97.48.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The business earned $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities research analysts anticipate that Estee Lauder Companies Inc. will post $3.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a $0.34 dividend. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.36 annualized dividend and a yield of 1.75%. Estee Lauder Companies’s dividend payout ratio is presently 46.26%.

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Several research analysts recently issued reports on the stock. Jefferies Group reissued a “hold” rating and issued a $83.00 price target (down previously from $85.00) on shares of Estee Lauder Companies in a research report on Wednesday, November 16th. Zacks Investment Research raised shares of Estee Lauder Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Estee Lauder Companies in a research note on Tuesday, November 15th. B. Riley reaffirmed a “neutral” rating and set a $94.00 price objective on shares of Estee Lauder Companies in a research note on Sunday, August 28th. Finally, Berenberg Bank started coverage on shares of Estee Lauder Companies in a research note on Friday, September 9th. They set a “buy” rating and a $105.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $100.03.

In related news, EVP Gregory Polcer sold 3,533 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $82.34, for a total value of $290,907.22. Following the completion of the transaction, the executive vice president now owns 71,309 shares of the company’s stock, valued at approximately $5,871,583.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Ronald S. Lauder sold 500,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $88.91, for a total transaction of $44,455,000.00. Following the completion of the transaction, the chairman now directly owns 608,500 shares of the company’s stock, valued at approximately $54,101,735. The disclosure for this sale can be found here. 16.98% of the stock is currently owned by corporate insiders.

Estee Lauder Companies Company Profile

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

5 Day Chart for NYSE:EL

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