Estee Lauder Companies Inc. (NYSE:EL) announced a quarterly dividend on Wednesday, November 2nd. Investors of record on Wednesday, November 30th will be given a dividend of 0.34 per share on Thursday, December 15th. This represents a $1.36 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, November 28th. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.30.

Shares of Estee Lauder Companies (NYSE:EL) opened at 78.65 on Friday. The company has a market capitalization of $28.82 billion, a P/E ratio of 26.85 and a beta of 0.87. The company has a 50-day moving average price of $82.98 and a 200 day moving average price of $89.25. Estee Lauder Companies has a 1-year low of $76.65 and a 1-year high of $97.48.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. The firm earned $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Estee Lauder Companies had a return on equity of 32.90% and a net margin of 9.73%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. Equities research analysts anticipate that Estee Lauder Companies will post $3.42 EPS for the current year.

Dividend History for Estee Lauder Companies (NYSE:EL)

Several analysts have recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective on shares of Estee Lauder Companies in a research note on Friday, August 19th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $100.00 price objective on shares of Estee Lauder Companies in a research note on Saturday, August 13th. Citigroup Inc. lowered their price objective on Estee Lauder Companies from $101.00 to $99.00 and set a “neutral” rating for the company in a research note on Monday, August 22nd. Jefferies Group decreased their price target on Estee Lauder Companies from $98.00 to $95.00 and set a “hold” rating for the company in a research report on Monday, August 22nd. Finally, Zacks Investment Research downgraded Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Estee Lauder Companies has a consensus rating of “Buy” and a consensus target price of $100.03.

In other Estee Lauder Companies news, insider Cedric Prouve sold 82,608 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $88.97, for a total transaction of $7,349,633.76. Following the sale, the insider now owns 277,578 shares in the company, valued at $24,696,114.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Ronald S. Lauder sold 500,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $88.91, for a total value of $44,455,000.00. Following the sale, the chairman now owns 608,500 shares in the company, valued at approximately $54,101,735. The disclosure for this sale can be found here. Corporate insiders own 16.98% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. increased its stake in Estee Lauder Companies by 1.1% in the second quarter. Wetherby Asset Management Inc. now owns 2,903 shares of the company’s stock worth $264,000 after buying an additional 32 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in Estee Lauder Companies by 0.6% in the second quarter. Citizens Financial Group Inc RI now owns 7,588 shares of the company’s stock worth $691,000 after buying an additional 48 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Estee Lauder Companies by 3.2% in the second quarter. Loomis Sayles & Co. L P now owns 1,723 shares of the company’s stock worth $157,000 after buying an additional 53 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in Estee Lauder Companies by 1.6% in the second quarter. Johnson Investment Counsel Inc. now owns 6,328 shares of the company’s stock worth $575,000 after buying an additional 100 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its stake in Estee Lauder Companies by 0.9% in the second quarter. Commonwealth Bank of Australia now owns 20,337 shares of the company’s stock worth $1,850,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 54.65% of the company’s stock.

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Estee Lauder Companies Company Profile

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

5 Day Chart for NYSE:EL

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