Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,226 shares of the company’s stock after buying an additional 9,087 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Estee Lauder Companies, Inc. (The) were worth $5,109,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. BLS Capital Fondsmaeglerselskab A S acquired a new stake in Estee Lauder Companies, Inc. (The) during the fourth quarter worth approximately $12,896,000. State of Alaska Department of Revenue acquired a new stake in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $418,000. Glen Harbor Capital Management LLC boosted its stake in Estee Lauder Companies, Inc. (The) by 20.6% in the first quarter. Glen Harbor Capital Management LLC now owns 4,208 shares of the company’s stock worth $357,000 after buying an additional 720 shares during the period. Janney Montgomery Scott LLC boosted its stake in Estee Lauder Companies, Inc. (The) by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 21,980 shares of the company’s stock worth $1,864,000 after buying an additional 822 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Estee Lauder Companies, Inc. (The) by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 489,081 shares of the company’s stock worth $41,469,000 after buying an additional 23,458 shares during the period. 54.62% of the stock is currently owned by institutional investors.

Estee Lauder Companies, Inc. (EL) opened at 106.50 on Monday. The company’s 50-day moving average price is $99.47 and its 200 day moving average price is $91.81. Estee Lauder Companies, Inc. has a 12 month low of $75.29 and a 12 month high of $107.91. The stock has a market capitalization of $39.20 billion, a PE ratio of 31.79 and a beta of 0.72.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its earnings results on Friday, August 18th. The company reported $0.51 EPS for the quarter, topping 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 firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that Estee Lauder Companies, Inc. will post $3.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.36 annualized dividend and a yield of 1.28%. Estee Lauder Companies, Inc. (The)’s payout ratio is 40.60%.

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EL has been the subject of a number of research analyst reports. Telsey Advisory Group increased their price target on Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Jefferies Group LLC upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Friday, June 2nd. Wells Fargo & Company reiterated an “outperform” rating and issued a $106.00 price target (up from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Deutsche Bank AG decreased their price target on Estee Lauder Companies, Inc. (The) from $102.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Finally, Societe Generale cut Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and increased their price target for the company from $90.00 to $93.00 in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $107.75.

In related news, Director Rose Marie Bravo sold 9,312 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $95.89, for a total transaction of $892,927.68. Following the sale, the director now owns 12,576 shares of the company’s stock, valued at $1,205,912.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Fabrizio Freda sold 15,880 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $95.08, for a total value of $1,509,870.40. Following the sale, the insider now directly owns 74,188 shares in the company, valued at approximately $7,053,795.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 419,300 shares of company stock worth $43,755,621. 16.98% of the stock is owned by corporate insiders.

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.

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

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