Nationwide Fund Advisors trimmed its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 41.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,268 shares of the company’s stock after selling 87,771 shares during the quarter. Nationwide Fund Advisors’ holdings in Estee Lauder Companies were worth $13,617,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EL. Acrospire Investment Management LLC lifted its holdings in shares of Estee Lauder Companies by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Estee Lauder Companies in the second quarter worth about $147,000. Sun Life Financial INC lifted its holdings in shares of Estee Lauder Companies by 16,290.0% in the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after buying an additional 1,629 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Estee Lauder Companies by 4.8% in the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock worth $179,000 after buying an additional 86 shares in the last quarter. Finally, Lloyds Banking Group plc lifted its holdings in shares of Estee Lauder Companies by 1.4% in the second quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock worth $181,000 after buying an additional 26 shares in the last quarter. 53.90% of the stock is currently owned by hedge funds and other institutional investors.

In other Estee Lauder Companies news, EVP Carl P. Haney sold 9,139 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $108.00, for a total transaction of $987,012.00. Following the transaction, the executive vice president now directly owns 13,324 shares in the company, valued at $1,438,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider 1992 Grat Remainder Trust Fbo sold 125,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $125.87, for a total transaction of $15,733,750.00. The disclosure for this sale can be found here. Insiders have sold 1,565,147 shares of company stock worth $194,485,640 over the last quarter. Company insiders own 16.24% of the company’s stock.

Estee Lauder Companies, Inc. (EL) opened at $124.77 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. The firm has a market cap of $45,966.90, a P/E ratio of 32.42, a P/E/G ratio of 2.41 and a beta of 0.70. Estee Lauder Companies, Inc. has a 52-week low of $75.68 and a 52-week high of $126.99.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business earned $0.85 earnings per share. Estee Lauder Companies’s revenue for the quarter was up 14.3% compared to the same quarter last year. analysts anticipate that Estee Lauder Companies, Inc. will post 4.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.38 per share. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, November 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 41.08%.

EL has been the topic of a number of recent analyst reports. Oppenheimer reissued an “outperform” rating and issued a $110.00 price target (up from $100.00) on shares of Estee Lauder Companies in a report on Thursday, August 10th. DA Davidson reissued a “hold” rating and issued a $125.00 price target on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets increased their price target on shares of Estee Lauder Companies from $107.00 to $126.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Royal Bank Of Canada set a $115.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Bank of America increased their price target on shares of Estee Lauder Companies from $115.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Estee Lauder Companies has an average rating of “Buy” and an average price target of $118.14.

TRADEMARK VIOLATION NOTICE: “Nationwide Fund Advisors Sells 87,771 Shares of Estee Lauder Companies, Inc. (The) (EL)” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/02/nationwide-fund-advisors-sells-87771-shares-of-estee-lauder-companies-inc-the-el.html.

Estee Lauder Companies Company 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.

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies, Inc. (The) (NYSE:EL).

Institutional Ownership by Quarter for Estee Lauder Companies (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.