CIBC Asset Management Inc lifted its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,266 shares of the company’s stock after acquiring an additional 538 shares during the quarter. CIBC Asset Management Inc’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,725,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Jennison Associates LLC acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the third quarter valued at about $664,432,000. Janus Henderson Group PLC increased its holdings in shares of Estee Lauder Companies, Inc. (The) by 1,676.9% during the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after acquiring an additional 4,431,247 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the second quarter valued at about $186,061,000. Northern Trust Corp increased its holdings in shares of Estee Lauder Companies, Inc. (The) by 41.1% during the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock valued at $358,214,000 after acquiring an additional 1,086,562 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Estee Lauder Companies, Inc. (The) by 7.4% during the second quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after acquiring an additional 1,022,956 shares in the last quarter. Hedge funds and other institutional investors own 56.26% of the company’s stock.

Estee Lauder Companies, Inc. (NYSE:EL) opened at $125.64 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. The stock has a market capitalization of $45,885.89, a PE ratio of 32.37, a PEG ratio of 2.41 and a beta of 0.68. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $126.99.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced 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 return on equity of 33.64% and a net margin of 11.30%. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the business posted $0.85 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. sell-side analysts expect that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is 36.76%.

A number of equities research analysts recently commented on the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $112.00 target price (up previously from $95.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Monday, August 21st. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, August 10th. Argus upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Tuesday, August 22nd. Deutsche Bank AG restated a “buy” rating and issued a $108.00 price objective (up previously from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, July 22nd. Finally, Royal Bank Of Canada set a $115.00 price objective on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, August 21st. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $117.42.

TRADEMARK VIOLATION NOTICE: “CIBC Asset Management Inc Purchases 538 Shares of Estee Lauder Companies, Inc. (The) (EL)” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/11/17/cibc-asset-management-inc-purchases-538-shares-of-estee-lauder-companies-inc-the-el.html.

In other Estee Lauder Companies, Inc. (The) news, EVP Michael O’hare sold 42,032 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $105.41, for a total transaction of $4,430,593.12. Following the transaction, the executive vice president now owns 17,841 shares of the company’s stock, valued at $1,880,619.81. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $105.41, for a total value of $210,820.00. Following the transaction, the director now directly owns 26,240 shares in the company, valued at approximately $2,765,958.40. The disclosure for this sale can be found here. Insiders have sold a total of 798,654 shares of company stock worth $88,467,343 in the last three months. Corporate insiders own 16.24% of the company’s stock.

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.

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies, Inc. (The) (NYSE:EL).

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.