CI Investments Inc. cut its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 428,800 shares of the company’s stock after selling 11,300 shares during the period. CI Investments Inc. owned 0.12% of Estee Lauder Companies, Inc. (The) worth $46,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in Estee Lauder Companies, Inc. (The) by 3.1% in the second quarter. Swiss National Bank now owns 812,196 shares of the company’s stock valued at $77,955,000 after acquiring an additional 24,600 shares during the last quarter. Prudential Financial Inc. lifted its stake in Estee Lauder Companies, Inc. (The) by 3.5% during the second quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock worth $31,060,000 after purchasing an additional 10,921 shares in the last quarter. Comgest Global Investors S.A.S. acquired a new position in Estee Lauder Companies, Inc. (The) during the second quarter worth $2,266,000. Clinton Group Inc. acquired a new position in Estee Lauder Companies, Inc. (The) during the second quarter worth $529,000. Finally, JPMorgan Chase & Co. lifted its stake in Estee Lauder Companies, Inc. (The) by 146.4% during the second quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after purchasing an additional 773,666 shares in the last quarter. Hedge funds and other institutional investors own 56.26% of the company’s stock.

EL has been the topic of a number of research reports. Argus upped their price target on Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Telsey Advisory Group upped their price target on Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 15th. Bank of America Corporation upped their price target on Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Wells Fargo & Company restated an “outperform” rating and set a $106.00 price target (up from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $117.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Tuesday, August 29th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $117.42.

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Estee Lauder Companies, Inc. (NYSE:EL) traded up $1.56 during midday trading on Monday, reaching $126.17. 1,306,022 shares of the company’s stock traded hands, compared to its average volume of 1,934,599. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $125.29. The firm has a market capitalization of $46,340.00, a P/E ratio of 32.37, a PEG ratio of 2.41 and a beta of 0.68.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a net margin of 11.30% and a return on equity of 33.64%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Estee Lauder Companies, Inc. (The)’s revenue for the quarter was up 14.3% on a year-over-year basis. sell-side analysts anticipate that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, November 29th. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is currently 36.76%.

In other news, VP Sara E. Moss sold 3,971 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $108.00, for a total transaction of $428,868.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry S. Sternlicht sold 10,000 shares of 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 sale, the director now owns 40,982 shares of the company’s stock, valued at approximately $4,356,386.60. The disclosure for this sale can be found here. Insiders sold 798,654 shares of company stock valued at $88,467,343 in the last 90 days. 16.24% of the stock is currently owned by insiders.

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)

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