Massey Quick Simon & CO. LLC raised its holdings in Estee Lauder Companies Inc (NYSE:EL) by 387.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 161 shares of the company’s stock after buying an additional 128 shares during the quarter. Massey Quick Simon & CO. LLC’s holdings in Estee Lauder Companies were worth $29,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Estee Lauder Companies in the 2nd quarter worth $34,000. Montrusco Bolton Investments Inc. increased its position in shares of Estee Lauder Companies by 37.3% during the 2nd quarter. Montrusco Bolton Investments Inc. now owns 55,681 shares of the company’s stock valued at $10,196,000 after purchasing an additional 15,129 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Estee Lauder Companies by 532.5% during the 2nd quarter. Gabelli Funds LLC now owns 101,200 shares of the company’s stock valued at $18,531,000 after purchasing an additional 85,200 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Estee Lauder Companies during the 2nd quarter valued at about $2,372,000. Finally, Strid Group LLC bought a new position in shares of Estee Lauder Companies during the 2nd quarter valued at about $366,000. Hedge funds and other institutional investors own 54.82% of the company’s stock.

Several equities analysts have recently commented on the company. Bank of America reiterated a “buy” rating and set a $220.00 price objective (up from $205.00) on shares of Estee Lauder Companies in a research report on Monday. Deutsche Bank reiterated a “buy” rating and set a $221.00 price objective (up from $202.00) on shares of Estee Lauder Companies in a research report on Tuesday. DA Davidson increased their price objective on Estee Lauder Companies from $6.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday. They noted that the move was a valuation call. Stifel Nicolaus raised their price target on Estee Lauder Companies from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Piper Jaffray Companies raised their price target on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $188.88.

EL traded up $1.43 on Wednesday, hitting $203.63. 633,368 shares of the company were exchanged, compared to its average volume of 1,531,646. The firm has a fifty day simple moving average of $185.83 and a two-hundred day simple moving average of $170.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69. Estee Lauder Companies Inc has a 12 month low of $121.47 and a 12 month high of $206.00. The stock has a market capitalization of $64.85 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.11. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.53 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. On average, equities analysts expect that Estee Lauder Companies Inc will post 5.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.84%. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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