Estee Lauder Companies, Inc. (The) (EL) Position Raised by Bank of Nova Scotia

Bank of Nova Scotia increased its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 60.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,757 shares of the company’s stock after purchasing an additional 47,991 shares during the period. Bank of Nova Scotia’s holdings in Estee Lauder Companies, Inc. (The) were worth $12,165,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EL. BlackRock Inc. increased its position in Estee Lauder Companies, Inc. (The) by 1,454.5% during the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock worth $1,167,987,000 after purchasing an additional 12,888,915 shares during the last quarter. Janus Henderson Group PLC increased its position in Estee Lauder Companies, Inc. (The) by 1,676.9% during the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after purchasing an additional 4,431,247 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Estee Lauder Companies, Inc. (The) during the second quarter worth about $186,061,000. Scopus Asset Management L.P. acquired a new stake in Estee Lauder Companies, Inc. (The) during the first quarter worth about $122,946,000. Finally, Northern Trust Corp increased its position in Estee Lauder Companies, Inc. (The) by 41.1% during the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock worth $358,214,000 after purchasing an additional 1,086,562 shares during the last quarter. Hedge funds and other institutional investors own 54.59% of the company’s stock.

In related news, 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 transaction, the director now directly owns 40,982 shares in the company, valued at $4,356,386.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sara E. Moss sold 14,552 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $100.22, for a total value of $1,458,401.44. The disclosure for this sale can be found here. Insiders have sold 580,641 shares of company stock worth $61,605,635 over the last 90 days. 16.24% of the stock is currently owned by company insiders.

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Several research firms recently issued reports on EL. Bank of America Corporation raised their price objective on shares of Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $110.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, July 6th. Stifel Nicolaus set a $108.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $110.00 price target (up from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies set a $95.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $110.77.

Shares of Estee Lauder Companies, Inc. (EL) traded up 1.02% during mid-day trading on Friday, hitting $110.61. 268,338 shares of the stock traded hands. The stock has a 50-day moving average of $108.43 and a 200 day moving average of $97.56. The stock has a market cap of $40.70 billion, a PE ratio of 33.02 and a beta of 0.67. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $110.99.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its earnings results on Friday, August 18th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the business posted $0.43 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Equities analysts predict that Estee Lauder Companies, Inc. will post $3.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.24%. The ex-dividend date was Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 40.60%.

Estee Lauder Companies, Inc. (The) 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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