Oppenheimer & Co. Inc. decreased its position in Estee Lauder Companies Inc. (NYSE:EL) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,925 shares of the company’s stock after selling 2,718 shares during the period. Oppenheimer & Co. Inc.’s holdings in Estee Lauder Companies were worth $3,536,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EL. Fundsmith LLP purchased a new position in Estee Lauder Companies during the second quarter valued at $211,465,000. FMR LLC boosted its stake in shares of Estee Lauder Companies by 4.4% in the second quarter. FMR LLC now owns 30,920,948 shares of the company’s stock worth $2,814,424,000 after buying an additional 1,309,267 shares during the period. USS Investment Management Ltd boosted its stake in shares of Estee Lauder Companies by 163.1% in the third quarter. USS Investment Management Ltd now owns 1,290,500 shares of the company’s stock worth $114,280,000 after buying an additional 800,000 shares during the period. Alecta Pensionsforsakring Omsesidigt bought a new stake in shares of Estee Lauder Companies during the third quarter worth approximately $57,558,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Estee Lauder Companies during the second quarter worth approximately $53,994,000. 54.20% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

Shares of Estee Lauder Companies Inc. (NYSE:EL) traded down 1.16% during mid-day trading on Wednesday, hitting $77.70. The stock had a trading volume of 2,557,583 shares. Estee Lauder Companies Inc. has a one year low of $76.65 and a one year high of $97.48. The firm’s 50 day moving average price is $82.45 and its 200-day moving average price is $88.95. The company has a market cap of $28.47 billion, a PE ratio of 26.53 and a beta of 0.87.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, November 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Estee Lauder Companies Inc. will post $3.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.34 per share. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Monday, November 28th. Estee Lauder Companies’s payout ratio is currently 46.26%.

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A number of equities research analysts have commented on EL shares. reiterated a “buy” rating and set a $110.00 target price on shares of Estee Lauder Companies in a report on Friday, September 16th. Goldman Sachs Group Inc. started coverage on Estee Lauder Companies in a report on Sunday, September 11th. They set a “buy” rating and a $105.00 target price on the stock. Stifel Nicolaus set a $99.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a report on Monday, October 24th. Vetr upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $94.06 target price on the stock in a report on Tuesday, August 30th. Finally, Bank of America Corp. reiterated a “buy” rating and set a $103.00 target price on shares of Estee Lauder Companies in a report on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $100.03.

In other news, EVP Gregory Polcer sold 3,533 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $82.34, for a total transaction of $290,907.22. Following the transaction, the executive vice president now directly owns 71,309 shares in the company, valued at approximately $5,871,583.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Ronald S. Lauder sold 500,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $88.91, for a total transaction of $44,455,000.00. Following the transaction, the chairman now owns 608,500 shares in the company, valued at $54,101,735. The disclosure for this sale can be found here. Insiders own 16.98% of the company’s stock.

About Estee Lauder Companies

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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