Public Employees Retirement System of Ohio lowered its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 187,868 shares of the company’s stock after selling 7,628 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.05% of Estee Lauder Companies worth $20,260,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Moors & Cabot Inc. grew its holdings in Estee Lauder Companies by 1.1% during the 2nd quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock worth $365,000 after acquiring an additional 40 shares in the last quarter. Glenview Trust Co grew its holdings in Estee Lauder Companies by 1.5% during the 2nd quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock worth $263,000 after acquiring an additional 41 shares in the last quarter. Cadence Capital Management LLC grew its holdings in Estee Lauder Companies by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 5,662 shares of the company’s stock worth $543,000 after acquiring an additional 42 shares in the last quarter. Williams Jones & Associates LLC grew its holdings in Estee Lauder Companies by 0.7% during the 2nd quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock worth $659,000 after acquiring an additional 45 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Estee Lauder Companies by 4.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock worth $179,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 53.86% of the company’s stock.

Estee Lauder Companies, Inc. (EL) traded up $1.81 during mid-day trading on Monday, reaching $129.62. 2,777,800 shares of the company traded hands, compared to its average volume of 1,925,810. Estee Lauder Companies, Inc. has a 1 year low of $75.83 and a 1 year high of $129.79. The stock has a market cap of $47,730.75, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 2.50 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating the 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. Estee Lauder Companies’s revenue for the quarter was up 14.3% on a year-over-year basis. research 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 was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.38 dividend. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.17%. Estee Lauder Companies’s dividend payout ratio is 41.08%.

Several research analysts have commented on the stock. Piper Jaffray Companies reiterated an “overweight” rating and set a $112.00 price target (up previously from $95.00) on shares of Estee Lauder Companies in a report on Monday, August 21st. DA Davidson assumed coverage on shares of Estee Lauder Companies in a research report on Wednesday, September 27th. They set a “neutral” rating and a $115.00 price objective for the company. BMO Capital Markets upgraded shares of Estee Lauder Companies from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $83.00 to $107.00 in a research report on Monday, August 21st. Zacks Investment Research downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Finally, Jefferies Group restated a “buy” rating and set a $112.00 price objective (up previously from $110.00) on shares of Estee Lauder Companies in a research report on Monday, August 21st. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $118.74.

In other Estee Lauder Companies news, EVP Gregory Polcer sold 2,730 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.11, for a total value of $295,140.30. Following the transaction, the executive vice president now directly owns 70,309 shares of the company’s stock, valued at approximately $7,601,105.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tracey Thomas Travis sold 5,469 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $122.00, for a total transaction of $667,218.00. Following the completion of the transaction, the chief financial officer now directly owns 37,083 shares in the company, valued at $4,524,126. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,526,646 shares of company stock valued at $190,321,370. 16.24% of the stock is owned by insiders.

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About Estee Lauder Companies

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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