Wells Fargo & Company MN reduced its holdings in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,234,217 shares of the company’s stock after selling 215,368 shares during the period. Wells Fargo & Company MN owned about 0.61% of Estee Lauder Companies, Inc. (The) worth $214,441,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EL. Prudential Financial Inc. lifted its holdings in Estee Lauder Companies, Inc. (The) by 3.5% during the 2nd quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock valued at $31,060,000 after purchasing an additional 10,921 shares during the last quarter. Nicolet Bankshares Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the 2nd quarter valued at about $289,000. Lloyds Banking Group plc lifted its holdings in Estee Lauder Companies, Inc. (The) by 1.4% during the 2nd quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock valued at $181,000 after purchasing an additional 26 shares during the last quarter. Vontobel Asset Management Inc. lifted its holdings in Estee Lauder Companies, Inc. (The) by 29.9% during the 2nd quarter. Vontobel Asset Management Inc. now owns 411,482 shares of the company’s stock valued at $39,495,000 after purchasing an additional 94,629 shares during the last quarter. Finally, LGT Capital Partners LTD. lifted its holdings in Estee Lauder Companies, Inc. (The) by 7.4% during the 2nd quarter. LGT Capital Partners LTD. now owns 280,805 shares of the company’s stock valued at $26,952,000 after purchasing an additional 19,232 shares during the last quarter. Institutional investors and hedge funds own 54.63% of the company’s stock.

In other Estee Lauder Companies, Inc. (The) news, insider Fabrizio Freda sold 15,880 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $95.08, for a total transaction of $1,509,870.40. Following the completion of the transaction, the insider now owns 74,188 shares in the company, valued at approximately $7,053,795.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Demsey sold 8,048 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $107.87, for a total transaction of $868,137.76. Following the transaction, the insider now owns 18,217 shares of the company’s stock, valued at approximately $1,965,067.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 577,620 shares of company stock valued at $60,715,391. Company insiders own 16.98% of the company’s stock.

Several brokerages recently issued reports on EL. Zacks Investment Research downgraded shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Jefferies Group LLC lifted their price target on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the company a “hold” rating in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating and set a $100.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, May 31st. BMO Capital Markets raised shares of Estee Lauder Companies, Inc. (The) from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $83.00 to $107.00 in a report on Monday, August 21st. Finally, Deutsche Bank AG lifted their price target on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $119.00 and gave the company a “buy” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $108.59.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) opened at 108.81 on Friday. Estee Lauder Companies, Inc. has a 1-year low of $75.29 and a 1-year high of $108.85. The company’s 50 day moving average is $102.65 and its 200-day moving average is $93.35. The company has a market capitalization of $40.04 billion, a P/E ratio of 32.48 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. On average, equities research analysts forecast that Estee Lauder Companies, Inc. will post $3.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.36 annualized dividend and a yield of 1.25%. Estee Lauder Companies, Inc. (The)’s payout ratio is 40.60%.

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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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