Oppenheimer Asset Management Inc. decreased its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,628 shares of the company’s stock after selling 6,277 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Estee Lauder Companies were worth $7,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Estee Lauder Companies by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,801,143 shares of the company’s stock valued at $1,254,989,000 after buying an additional 506,332 shares during the period. BlackRock Inc. increased its position in Estee Lauder Companies by 1,454.5% in the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock valued at $1,167,987,000 after buying an additional 12,888,915 shares during the period. Wellington Management Group LLP increased its position in Estee Lauder Companies by 1.6% in the first quarter. Wellington Management Group LLP now owns 10,915,464 shares of the company’s stock valued at $925,523,000 after buying an additional 167,133 shares during the period. Massachusetts Financial Services Co. MA increased its position in Estee Lauder Companies by 16.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,073,471 shares of the company’s stock valued at $514,969,000 after buying an additional 880,014 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Estee Lauder Companies by 11.4% in the first quarter. TIAA CREF Investment Management LLC now owns 4,486,572 shares of the company’s stock valued at $380,416,000 after buying an additional 460,548 shares during the period. 54.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Estee Lauder Companies Inc (NYSE:EL) opened at 107.93 on Friday. The stock’s 50 day moving average is $101.16 and its 200 day moving average is $92.65. The stock has a market cap of $39.71 billion, a PE ratio of 32.22 and a beta of 0.67. Estee Lauder Companies Inc has a 52-week low of $75.29 and a 52-week high of $108.18.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies had a net margin of 7.95% and a return on equity of 21.60%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. Estee Lauder Companies’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 $3.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.26%. Estee Lauder Companies’s dividend payout ratio is 40.60%.

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EL has been the subject of several analyst reports. Societe Generale downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and raised their price objective for the stock from $90.00 to $93.00 in a report on Monday, May 15th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $110.00 price objective (up from $100.00) on shares of Estee Lauder Companies in a report on Thursday, August 10th. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Tuesday, July 4th. BidaskClub raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Bank of America Corporation raised their price objective on shares of Estee Lauder Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Estee Lauder Companies presently has an average rating of “Buy” and a consensus price target of $108.15.

In related news, insider Cedric Prouve sold 47,351 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $105.44, for a total transaction of $4,992,689.44. Following the sale, the insider now owns 176,775 shares of the company’s stock, valued at $18,639,156. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Fabrizio Freda sold 15,880 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $95.08, for a total transaction of $1,509,870.40. Following the sale, the insider now directly owns 74,188 shares in the company, valued at approximately $7,053,795.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 528,852 shares of company stock valued at $55,339,085. 16.98% of the stock is owned by company insiders.

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.

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

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