Estee Lauder Companies, Inc. (The) (NYSE:EL) Shares Sold by ING Groep NV

ING Groep NV cut its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 32.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,467 shares of the company’s stock after selling 5,420 shares during the period. ING Groep NV’s holdings in Estee Lauder Companies, Inc. (The) were worth $1,101,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Estee Lauder Companies, Inc. (The) by 1,454.5% in the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock valued at $1,167,987,000 after buying an additional 12,888,915 shares during the last quarter. Scopus Asset Management L.P. bought a new stake in Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $122,946,000. Alliancebernstein L.P. increased its stake in Estee Lauder Companies, Inc. (The) by 284.2% in the first quarter. Alliancebernstein L.P. now owns 1,535,927 shares of the company’s stock valued at $130,231,000 after buying an additional 1,136,203 shares during the last quarter. Janus Capital Management LLC increased its stake in Estee Lauder Companies, Inc. (The) by 28.6% in the first quarter. Janus Capital Management LLC now owns 4,043,476 shares of the company’s stock valued at $342,835,000 after buying an additional 899,171 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Estee Lauder Companies, Inc. (The) by 16.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,073,471 shares of the company’s stock valued at $514,969,000 after buying an additional 880,014 shares during the last quarter. Institutional investors own 55.38% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (EL) traded up 7.73% during trading on Friday, hitting $105.92. 8,925,828 shares of the stock traded hands. The firm has a market cap of $38.96 billion, a PE ratio of 35.50 and a beta of 0.72. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $106.45. The company’s 50 day moving average is $98.14 and its 200 day moving average is $90.95.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Estee Lauder Companies, Inc. (The) had a net margin of 9.62% and a return on equity of 33.40%. Estee Lauder Companies, Inc. (The)’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities research analysts predict that Estee Lauder Companies, Inc. will post $3.40 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a yield of 1.28%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is 45.48%.

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EL has been the subject of several research reports. Wells Fargo & Company reiterated a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, April 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, April 27th. Piper Jaffray Companies assumed coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Monday, May 1st. They set an “overweight” rating and a $93.00 price objective for the company. Jefferies Group LLC set a $91.00 target price on shares of Estee Lauder Companies, Inc. (The) and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Finally, Vetr downgraded shares of Estee Lauder Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $101.50 target price for the company. in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $100.83.

In other Estee Lauder Companies, Inc. (The) news, Director Charlene Barshefsky sold 2,383 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $92.98, for a total transaction of $221,571.34. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $371,920. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Sara E. Moss sold 14,552 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred 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. Over the last ninety days, insiders have sold 69,651 shares of company stock worth $6,752,599. 16.98% of the stock is currently owned by corporate 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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