Boston Private Wealth LLC lessened its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,301 shares of the company’s stock after selling 476 shares during the quarter. Boston Private Wealth LLC’s holdings in Estee Lauder Companies were worth $895,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Estee Lauder Companies by 9.0% during the second quarter. Creative Planning now owns 2,100 shares of the company’s stock valued at $202,000 after acquiring an additional 173 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of Estee Lauder Companies by 9,498.1% during the second quarter. Harbour Capital Advisors LLC now owns 74,385 shares of the company’s stock valued at $775,000 after acquiring an additional 73,610 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Estee Lauder Companies by 0.4% during the second quarter. CIBC Asset Management Inc now owns 24,728 shares of the company’s stock valued at $2,373,000 after acquiring an additional 95 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Estee Lauder Companies by 4.8% during the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after acquiring an additional 86 shares during the period. Finally, First Western Capital Management Co boosted its holdings in shares of Estee Lauder Companies by 5.1% during the second quarter. First Western Capital Management Co now owns 43,058 shares of the company’s stock valued at $4,132,000 after acquiring an additional 2,082 shares during the period. 53.90% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. Oppenheimer reissued a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies in a report on Wednesday, September 20th. Royal Bank Of Canada set a $115.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Jefferies Group boosted their price target on shares of Estee Lauder Companies from $112.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Finally, Piper Jaffray Companies set a $135.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a report on Wednesday, November 1st. Six analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $118.14.

In related news, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of Estee Lauder Companies stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $125.53, for a total value of $71,552,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Demsey sold 8,048 shares of Estee Lauder Companies stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $107.87, for a total value of $868,137.76. Following the completion of the transaction, the insider now directly owns 18,217 shares in the company, valued at approximately $1,965,067.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,565,147 shares of company stock worth $194,485,640. 16.24% of the stock is owned by company insiders.

Shares of Estee Lauder Companies, Inc. (EL) traded down $0.06 during midday trading on Friday, hitting $124.77. 1,703,341 shares of the company were exchanged, compared to its average volume of 1,717,772. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Estee Lauder Companies, Inc. has a fifty-two week low of $75.68 and a fifty-two week high of $126.99. The company has a market capitalization of $45,966.90, a PE ratio of 32.42, a P/E/G ratio of 2.41 and a beta of 0.70.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the business earned $0.85 earnings per share. Estee Lauder Companies’s revenue for the quarter was up 14.3% compared to the same quarter last year. analysts expect that Estee Lauder Companies, Inc. will post 4.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a yield of 1.22%. Estee Lauder Companies’s payout ratio is 41.08%.

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About Estee Lauder Companies

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 (NYSE:EL)

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