Estee Lauder Companies, Inc. (The) (EL) Shares Bought by Summit Global Investments

Summit Global Investments lifted its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,560 shares of the company’s stock after buying an additional 190 shares during the period. Summit Global Investments’ holdings in Estee Lauder Companies, Inc. (The) were worth $630,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EL. American Beacon Advisors Inc. acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $100,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Estee Lauder Companies, Inc. (The) by 36.3% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock worth $110,000 after buying an additional 346 shares in the last quarter. Israel Discount Bank of New York acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $110,000. First Interstate Bank acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $114,000. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the second quarter worth $147,000. Institutional investors own 54.63% of the company’s stock.

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Several research analysts have recently issued reports on the stock. Jefferies Group LLC upped their price target on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Argus upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Tuesday, August 22nd. Morgan Stanley reiterated an “overweight” rating and set a $122.00 price target (up from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “strong-buy” rating and set a $122.00 price target for the company in a report on Tuesday, August 22nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $117.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $108.75.

In other Estee Lauder Companies, Inc. (The) news, insider Fabrizio Freda sold 14,724 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $108.39, for a total value of $1,595,934.36. Following the sale, the insider now owns 73,174 shares of the company’s stock, valued at approximately $7,931,329.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Barry S. Sternlicht sold 10,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 40,982 shares in the company, valued at approximately $4,356,386.60. The disclosure for this sale can be found here. In the last three months, insiders sold 596,315 shares of company stock worth $62,740,193. Insiders own 16.98% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (NYSE EL) traded up 0.42% during mid-day trading on Tuesday, reaching $109.20. 148,098 shares of the company’s stock were exchanged. The stock has a market cap of $40.18 billion, a PE ratio of 32.60 and a beta of 0.67. The company has a 50 day moving average price of $102.79 and a 200-day moving average price of $93.55. Estee Lauder Companies, Inc. has a one year low of $75.29 and a one year high of $109.55.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. On average, analysts predict that Estee Lauder Companies, Inc. will post $3.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 40.60%.

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.

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Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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