Cadence Capital Management LLC increased its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,662 shares of the company’s stock after buying an additional 42 shares during the period. Cadence Capital Management LLC’s holdings in Estee Lauder Companies, Inc. (The) were worth $543,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of EL. American Beacon Advisors Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $100,000. Bronfman E.L. Rothschild L.P. increased its position in Estee Lauder Companies, Inc. (The) by 36.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock worth $110,000 after buying an additional 346 shares during the period. Israel Discount Bank of New York bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $110,000. First Interstate Bank bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $114,000. Finally, Shine Investment Advisory Services Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the second quarter worth approximately $147,000. 54.62% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies, Inc. (EL) opened at 105.70 on Wednesday. Estee Lauder Companies, Inc. has a 12 month low of $75.29 and a 12 month high of $107.91. The firm has a market cap of $38.89 billion, a PE ratio of 31.55 and a beta of 0.72. The firm’s 50-day moving average is $99.47 and its 200-day moving average is $91.81. Estee Lauder Companies, Inc. (The) also was the recipient of some unusual options trading on Monday. Stock traders bought 15,421 call options on the stock. This represents an increase of approximately 319% compared to the average volume of 3,678 call options.

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. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. Equities analysts expect that Estee Lauder Companies, Inc. will post $3.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s payout ratio is 40.60%.

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A number of research firms recently commented on EL. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $112.00 target price (up from $95.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Monday, August 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $110.00 target price (up from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $112.00 target price (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Monday, August 21st. Wells Fargo & Company reaffirmed a “buy” rating and issued a $112.00 target price on shares of Estee Lauder Companies, Inc. (The) in a research report on Friday, August 11th. Finally, BMO Capital Markets raised shares of Estee Lauder Companies, Inc. (The) from an “underperform” rating to a “market perform” rating and increased their target price for the company from $83.00 to $107.00 in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Estee Lauder Companies, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $108.15.

In other Estee Lauder Companies, Inc. (The) news, insider Fabrizio Freda sold 13,371 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $105.64, for a total value of $1,412,512.44. Following the sale, the insider now owns 83,845 shares in the company, valued at approximately $8,857,385.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rose Marie Bravo sold 9,312 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $95.89, for a total value of $892,927.68. Following the completion of the sale, the director now owns 12,576 shares in the company, valued at approximately $1,205,912.64. The disclosure for this sale can be found here. Insiders sold a total of 514,662 shares of company stock worth $53,837,358 in the last 90 days. Company insiders own 16.98% of the company’s stock.

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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