TIAA CREF Investment Management LLC Sells 142,533 Shares of Estee Lauder Companies, Inc. (The) (EL)

TIAA CREF Investment Management LLC cut its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,344,039 shares of the company’s stock after selling 142,533 shares during the quarter. TIAA CREF Investment Management LLC owned 1.18% of Estee Lauder Companies, Inc. (The) worth $416,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WBI Investments Inc. acquired a new stake in shares of Estee Lauder Companies, Inc. (The) during the second quarter worth $3,145,000. Raymond James Trust N.A. lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 13.2% during the second quarter. Raymond James Trust N.A. now owns 7,996 shares of the company’s stock worth $768,000 after purchasing an additional 935 shares during the period. Summit Global Investments lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 3.0% during the second quarter. Summit Global Investments now owns 6,560 shares of the company’s stock worth $630,000 after purchasing an additional 190 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 306.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,429 shares of the company’s stock worth $617,000 after purchasing an additional 4,848 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd lifted its holdings in shares of Estee Lauder Companies, Inc. (The) by 463.5% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 23,322 shares of the company’s stock worth $2,238,000 after purchasing an additional 19,183 shares during the period. 54.63% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies, Inc. (NYSE:EL) traded up 0.23% during mid-day trading on Tuesday, hitting $108.99. The company had a trading volume of 969,184 shares. Estee Lauder Companies, Inc. has a one year low of $75.29 and a one year high of $109.60. The company has a market cap of $40.10 billion, a PE ratio of 32.53 and a beta of 0.67. The company’s 50 day moving average price is $102.79 and its 200-day moving average price is $93.55.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings data on Friday, August 18th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Estee Lauder Companies, Inc. will post $3.97 EPS for the current fiscal year.

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

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In other news, insider Fabrizio Freda sold 300,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $105.77, for a total transaction of $31,731,000.00. Following the sale, the insider now directly owns 373,174 shares of the company’s stock, valued at $39,470,613.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sara E. Moss sold 3,971 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $108.00, for a total value of $428,868.00. The disclosure for this sale can be found here. Insiders sold a total of 596,315 shares of company stock worth $62,740,193 in the last three months. Company insiders own 16.98% of the company’s stock.

EL has been the subject of several research analyst reports. Societe Generale cut Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and increased their price objective for the stock from $90.00 to $93.00 in a research report on Monday, May 15th. Oppenheimer Holdings, Inc. reiterated 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. Zacks Investment Research upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, July 4th. BidaskClub upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation increased their price objective on Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $108.75.

About Estee Lauder Companies, Inc. (The)

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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