Nordea Investment Management AB lowered its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 777,859 shares of the company’s stock after selling 1,727 shares during the period. Nordea Investment Management AB owned 0.21% of Estee Lauder Companies, Inc. (The) worth $74,659,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its holdings in Estee Lauder Companies, Inc. (The) by 2,291.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares during the period. American Beacon Advisors Inc. bought a new position in Estee Lauder Companies, Inc. (The) in the 1st quarter worth approximately $100,000. Israel Discount Bank of New York bought a new position in Estee Lauder Companies, Inc. (The) in the 1st quarter worth approximately $110,000. First Interstate Bank bought a new position in Estee Lauder Companies, Inc. (The) in the 1st quarter worth approximately $114,000. Finally, Shine Investment Advisory Services Inc. bought a new position in Estee Lauder Companies, Inc. (The) in the 2nd quarter worth approximately $147,000. Institutional investors own 54.60% of the company’s stock.

Several research analysts recently commented on the stock. Citigroup Inc. reaffirmed an “outperform” rating and issued a $120.00 price objective (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $120.00 price objective (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday. Macquarie assumed coverage on shares of Estee Lauder Companies, Inc. (The) in a report on Friday, September 15th. They issued an “outperform” rating and a $124.00 price objective for the company. Jefferies Group LLC raised their price objective on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $122.00 price objective (up from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $110.28.

In other Estee Lauder Companies, Inc. (The) news, insider Fabrizio Freda sold 15,880 shares of the stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $95.08, for a total transaction of $1,509,870.40. Following the completion of the transaction, the insider now owns 74,188 shares in the company, valued at $7,053,795.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sara E. Moss sold 14,552 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. The disclosure for this sale can be found here. Insiders have sold 568,791 shares of company stock valued at $60,070,365 in the last quarter. 16.98% of the stock is owned by company insiders.

Estee Lauder Companies, Inc. (EL) traded down 0.62% during mid-day trading on Friday, hitting $107.58. 2,173,326 shares of the stock were exchanged. The stock has a market capitalization of $39.58 billion, a PE ratio of 32.11 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. The company has a 50-day moving average of $104.85 and a 200-day moving average of $94.82.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. Estee Lauder Companies, Inc. (The)’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts predict that Estee Lauder Companies, Inc. will post $3.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given 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 1.26%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 40.60%.

WARNING: This story was reported by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2017/09/24/estee-lauder-companies-inc-the-el-shares-sold-by-nordea-investment-management-ab.html.

Estee Lauder Companies, Inc. (The) Company 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)

Receive News & Ratings for Estee Lauder Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.