Sun Life Financial INC raised its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 16,290.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,639 shares of the company’s stock after buying an additional 1,629 shares during the quarter. Sun Life Financial INC’s holdings in Estee Lauder Companies, Inc. (The) were worth $157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EL. American Beacon Advisors Inc. purchased a new stake in Estee Lauder Companies, Inc. (The) in the first quarter worth $100,000. Israel Discount Bank of New York bought a new stake in Estee Lauder Companies, Inc. (The) in the first quarter valued at $110,000. Acrospire Investment Management LLC boosted its holdings in Estee Lauder Companies, Inc. (The) by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after acquiring an additional 1,100 shares in the last quarter. First Interstate Bank purchased a new position in Estee Lauder Companies, Inc. (The) during the 1st quarter valued at $114,000. Finally, Shine Investment Advisory Services Inc. purchased a new position in Estee Lauder Companies, Inc. (The) during the 2nd quarter valued at $147,000. 54.58% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on the stock. DA Davidson began coverage on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, September 27th. They issued a “neutral” rating and a $115.00 price objective for the company. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, September 20th. Citigroup Inc. reissued an “outperform” rating and issued a $120.00 price target (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Macquarie assumed coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday, September 15th. They issued an “outperform” rating and a $124.00 price target for the company. Finally, Jefferies Group LLC increased their price target on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Estee Lauder Companies, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $110.48.

In related news, insider Fabrizio Freda sold 15,880 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $95.08, for a total value of $1,509,870.40. Following the completion of the sale, the insider now owns 74,188 shares of the company’s stock, valued at approximately $7,053,795.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Sara E. Moss sold 14,552 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $100.22, for a total transaction of $1,458,401.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 571,521 shares of company stock worth $60,365,505. 16.24% of the stock is owned by company insiders.

Shares of Estee Lauder Companies, Inc. (EL) traded up 0.50% during midday trading on Tuesday, reaching $108.74. 159,271 shares of the company traded hands. Estee Lauder Companies, Inc. has a 1-year low of $75.30 and a 1-year high of $110.99. The company has a 50 day moving average price of $106.91 and a 200 day moving average price of $96.37. The company has a market capitalization of $40.01 billion, a PE ratio of 32.46 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the previous year, the business posted $0.43 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Estee Lauder Companies, Inc. will post $3.98 earnings per share for the current year.

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

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/03/estee-lauder-companies-inc-the-el-stake-raised-by-sun-life-financial-inc.html.

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.

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

Receive News & Stock Ratings for Estee Lauder Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies Inc. (The) and related stocks with our FREE daily email newsletter.