Pacad Investment Ltd. decreased its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 78.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,600 shares of the company’s stock after selling 6,000 shares during the quarter. Pacad Investment Ltd.’s holdings in Estee Lauder Companies, Inc. (The) were worth $154,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,801,143 shares of the company’s stock valued at $1,254,989,000 after buying an additional 506,332 shares during the period. BlackRock Inc. lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 1,454.5% in the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock valued at $1,167,987,000 after buying an additional 12,888,915 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 1.6% in the first quarter. Wellington Management Group LLP now owns 10,915,464 shares of the company’s stock valued at $925,523,000 after buying an additional 167,133 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 16.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,073,471 shares of the company’s stock valued at $514,969,000 after buying an additional 880,014 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 11.4% in the first quarter. TIAA CREF Investment Management LLC now owns 4,486,572 shares of the company’s stock valued at $380,416,000 after buying an additional 460,548 shares during the period. Institutional investors and hedge funds own 54.63% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 109.69 on Friday. The company has a 50-day moving average price of $104.20 and a 200 day moving average price of $94.26. The stock has a market capitalization of $40.36 billion, a P/E ratio of 32.74 and a beta of 0.67. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $110.99.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.08. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Analysts forecast that Estee Lauder Companies, Inc. will post $3.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.36 annualized dividend and a yield of 1.24%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is presently 40.60%.

In other Estee Lauder Companies, Inc. (The) news, Director Barry S. Sternlicht sold 10,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the transaction, the director now directly owns 40,982 shares in the company, valued at $4,356,386.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael O’hare sold 2,619 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $108.56, for a total value of $284,318.64. Following the transaction, the executive vice president now owns 5,929 shares in the company, valued at $643,652.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 568,791 shares of company stock worth $60,070,365. Corporate insiders own 16.98% of the company’s stock.

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Several analysts have recently weighed in on EL shares. Telsey Advisory Group upped their price objective on Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 15th. Jefferies Group LLC upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Friday, June 2nd. Wells Fargo & Company restated an “outperform” rating and issued a $106.00 price objective (up previously from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $117.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 29th. Finally, Deutsche Bank AG upped their price objective on Estee Lauder Companies, Inc. (The) from $108.00 to $119.00 and gave the company a “buy” rating in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $109.41.

Estee Lauder Companies, Inc. (The) Profile

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.

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

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