Great West Life Assurance Co. Can boosted its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 156,549 shares of the company’s stock after buying an additional 3,956 shares during the period. Great West Life Assurance Co. Can’s holdings in Estee Lauder Companies, Inc. (The) were worth $13,852,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Schulhoff & Co. Inc. increased its position in shares of Estee Lauder Companies, Inc. (The) by 1.8% in the third quarter. Schulhoff & Co. Inc. now owns 17,080 shares of the company’s stock valued at $1,512,000 after buying an additional 300 shares during the period. BTC Capital Management Inc. purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the third quarter valued at approximately $409,000. Conning Inc. increased its position in shares of Estee Lauder Companies, Inc. (The) by 4.6% in the third quarter. Conning Inc. now owns 5,906 shares of the company’s stock valued at $523,000 after buying an additional 260 shares during the period. Regentatlantic Capital LLC increased its position in shares of Estee Lauder Companies, Inc. (The) by 0.4% in the third quarter. Regentatlantic Capital LLC now owns 9,685 shares of the company’s stock valued at $858,000 after buying an additional 37 shares during the period. Finally, Rathbone Brothers plc increased its position in shares of Estee Lauder Companies, Inc. (The) by 11.5% in the third quarter. Rathbone Brothers plc now owns 24,115 shares of the company’s stock valued at $2,136,000 after buying an additional 2,486 shares during the period. 53.96% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Estee Lauder Companies, Inc. (NYSE:EL) opened at 78.79 on Friday. The stock has a market cap of $28.87 billion, a PE ratio of 26.90 and a beta of 0.85. The company has a 50-day moving average of $77.93 and a 200 day moving average of $85.83. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $97.48.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Estee Lauder Companies, Inc. (The) had a net margin of 9.73% and a return on equity of 32.90%. The company earned $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Estee Lauder Companies, Inc. will post $3.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were issued a dividend of $0.34 per share. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, November 28th. This represents a $1.36 dividend on an annualized basis and a yield of 1.73%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 46.26%.

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Several brokerages have recently commented on EL. Barclays PLC reaffirmed an “overweight” rating and set a $88.00 price objective (down from $93.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Tuesday. Vetr downgraded shares of Estee Lauder Companies, Inc. (The) from a “strong-buy” rating to a “sell” rating and set a $73.25 price objective for the company. in a research note on Thursday, January 5th. RBC Capital Markets set a $107.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, January 2nd. Zacks Investment Research raised shares of Estee Lauder Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, December 20th. Finally, BMO Capital Markets began coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday, December 16th. They set an “underperform” rating and a $72.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $96.51.

In related news, EVP Michael O’hare sold 4,492 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $76.32, for a total transaction of $342,829.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory Polcer sold 3,533 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $82.34, for a total transaction of $290,907.22. Following the sale, the executive vice president now owns 71,309 shares of the company’s stock, valued at approximately $5,871,583.06. The disclosure for this sale can be found here. Corporate insiders own 16.98% of the company’s stock.

Estee Lauder Companies, Inc. (The) 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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