Fred Alger Management Inc. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 989,288 shares of the company’s stock, valued at approximately $94,952,000. Fred Alger Management Inc. owned approximately 0.27% of Estee Lauder Companies, Inc. (The) as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. Williams Jones & Associates LLC lifted its stake in Estee Lauder Companies, Inc. (The) by 0.7% during the second quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock worth $659,000 after purchasing an additional 45 shares during the last quarter. Royal Bank of Canada increased its position in shares of Estee Lauder Companies, Inc. (The) by 7.8% during the 2nd quarter. Royal Bank of Canada now owns 2,816,623 shares of the company’s stock valued at $270,341,000 after purchasing an additional 204,451 shares during the last quarter. Capital World Investors increased its position in shares of Estee Lauder Companies, Inc. (The) by 12.9% during the 2nd quarter. Capital World Investors now owns 1,750,000 shares of the company’s stock valued at $167,965,000 after purchasing an additional 200,000 shares during the last quarter. AHL Partners LLP increased its position in shares of Estee Lauder Companies, Inc. (The) by 174.6% during the 2nd quarter. AHL Partners LLP now owns 9,092 shares of the company’s stock valued at $872,000 after purchasing an additional 5,781 shares during the last quarter. Finally, GLG Partners LP raised its holdings in shares of Estee Lauder Companies, Inc. (The) by 4.0% during the 2nd quarter. GLG Partners LP now owns 26,000 shares of the company’s stock valued at $2,495,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 54.58% of the company’s stock.

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In other Estee Lauder Companies, Inc. (The) news, Director Barry S. Sternlicht sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the transaction, the director now owns 40,982 shares in the company, valued at approximately $4,356,386.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Fabrizio Freda sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $105.77, for a total transaction of $31,731,000.00. Following the transaction, the insider now owns 373,174 shares in the company, valued at approximately $39,470,613.98. The disclosure for this sale can be found here. Insiders have sold 571,521 shares of company stock worth $60,365,505 in the last 90 days. Insiders own 16.24% of the company’s stock.

Estee Lauder Companies, Inc. (NYSE:EL) traded up 0.34% during trading on Tuesday, reaching $108.57. 413,661 shares of the company’s stock traded hands. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $110.99. The company has a 50 day moving average of $106.91 and a 200 day moving average of $96.37. The firm has a market cap of $39.95 billion, a price-to-earnings ratio of 32.41 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that Estee Lauder Companies, Inc. will post $3.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.26%. Estee Lauder Companies, Inc. (The)’s payout ratio is 40.60%.

EL has been the subject of a number of research reports. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, August 10th. Piper Jaffray Companies restated an “overweight” rating and set a $112.00 price target (up from $95.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Monday, August 21st. DA Davidson assumed coverage on Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 27th. They set a “neutral” rating and a $115.00 price objective on the stock. Wells Fargo & Company reiterated a “buy” rating and issued a $112.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Friday, August 11th. Finally, Royal Bank Of Canada set a $100.00 target price on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $110.48.

Estee Lauder Companies, Inc. (The) Profile

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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