FDx Advisors Inc. grew its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 24.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,025 shares of the company’s stock after purchasing an additional 603 shares during the quarter. FDx Advisors Inc.’s holdings in Estee Lauder Companies were worth $440,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Acropolis Investment Management LLC raised its position in shares of Estee Lauder Companies by 4.6% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,137 shares of the company’s stock worth $1,182,000 after buying an additional 360 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Estee Lauder Companies by 11.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,875 shares of the company’s stock worth $553,000 after buying an additional 390 shares during the period. Norway Savings Bank raised its position in shares of Estee Lauder Companies by 20.7% in the 3rd quarter. Norway Savings Bank now owns 2,363 shares of the company’s stock worth $343,000 after buying an additional 405 shares during the period. Keybank National Association OH raised its position in shares of Estee Lauder Companies by 28.7% in the 3rd quarter. Keybank National Association OH now owns 2,004 shares of the company’s stock worth $291,000 after buying an additional 447 shares during the period. Finally, Perennial Advisors LLC raised its position in shares of Estee Lauder Companies by 64.3% in the 2nd quarter. Perennial Advisors LLC now owns 1,150 shares of the company’s stock worth $164,000 after buying an additional 450 shares during the period. 55.98% of the stock is currently owned by institutional investors.

Shares of NYSE EL opened at $144.09 on Thursday. Estee Lauder Companies Inc has a 12-month low of $121.93 and a 12-month high of $158.80. The firm has a market capitalization of $52.28 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.75 and a quick ratio of 1.28.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.19. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. Estee Lauder Companies had a return on equity of 38.29% and a net margin of 8.48%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. On average, analysts forecast that Estee Lauder Companies Inc will post 4.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, November 29th. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 annualized dividend and a dividend yield of 1.19%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 38.14%.

Several research analysts recently weighed in on EL shares. Credit Suisse Group increased their target price on Estee Lauder Companies from $156.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Piper Jaffray Companies set a $152.00 target price on Estee Lauder Companies and gave the stock a “buy” rating in a research report on Monday, October 22nd. Zacks Investment Research reaffirmed a “buy” rating and issued a $159.00 target price on shares of Estee Lauder Companies in a research report on Tuesday, November 13th. Raymond James increased their price target on Estee Lauder Companies from $145.00 to $151.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Finally, Atlantic Securities started coverage on Estee Lauder Companies in a report on Thursday, September 20th. They issued an “overweight” rating and a $162.00 price target for the company. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $146.77.

In other news, insider John Demsey sold 17,296 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $138.45, for a total transaction of $2,394,631.20. Following the completion of the sale, the insider now directly owns 15,696 shares in the company, valued at $2,173,111.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $137.57, for a total value of $233,869.00. Following the sale, the director now owns 15,040 shares of the company’s stock, valued at $2,069,052.80. The disclosure for this sale can be found here. Insiders have sold 311,258 shares of company stock valued at $44,644,210 over the last 90 days. Insiders own 16.13% of the company’s stock.

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About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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