GLG Partners LP increased its holdings in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,000 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. GLG Partners LP’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank grew its holdings in Estee Lauder Companies, Inc. (The) by 3.1% in the 2nd quarter. Swiss National Bank now owns 812,196 shares of the company’s stock valued at $77,955,000 after buying an additional 24,600 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Estee Lauder Companies, Inc. (The) by 3.5% in the 2nd quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock worth $31,060,000 after acquiring an additional 10,921 shares during the last quarter. Comgest Global Investors S.A.S. acquired a new stake in shares of Estee Lauder Companies, Inc. (The) in the 2nd quarter worth $2,266,000. JPMorgan Chase & Co. increased its stake in shares of Estee Lauder Companies, Inc. (The) by 146.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after acquiring an additional 773,666 shares during the last quarter. Finally, Israel Discount Bank of New York increased its stake in shares of Estee Lauder Companies, Inc. (The) by 393.5% in the 2nd quarter. Israel Discount Bank of New York now owns 6,415 shares of the company’s stock worth $616,000 after acquiring an additional 5,115 shares during the last quarter. Hedge funds and other institutional investors own 54.58% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded up 0.52% during midday trading on Tuesday, reaching $108.76. 191,859 shares of the company traded hands. Estee Lauder Companies, Inc. has a 12 month low of $75.30 and a 12 month high of $110.99. The company’s 50 day moving average is $106.91 and its 200-day moving average is $96.37. The stock has a market capitalization of $40.02 billion, a price-to-earnings ratio of 32.47 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that Estee Lauder Companies, Inc. will post $3.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.34 dividend. 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 payout ratio is 40.60%.

In other Estee Lauder Companies, Inc. (The) news, EVP Gregory Polcer sold 2,730 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.11, for a total transaction of $295,140.30. Following the completion of the sale, the executive vice president now directly owns 70,309 shares in the company, valued at $7,601,105.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Fabrizio Freda sold 15,880 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $95.08, for a total transaction of $1,509,870.40. Following the completion of the sale, the insider now directly owns 74,188 shares of the company’s stock, valued at approximately $7,053,795.04. The disclosure for this sale can be found here. Insiders sold 571,521 shares of company stock worth $60,365,505 in the last 90 days. 16.24% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on EL. Citigroup Inc. reissued an “outperform” 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. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $120.00 price objective (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, September 20th. Macquarie began coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday, September 15th. They set an “outperform” rating and a $124.00 target price on the stock. Jefferies Group LLC lifted their target price 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. Finally, DA Davidson initiated 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 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $110.48.

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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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