Tokio Marine Asset Management Co. Ltd. lowered its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,977 shares of the company’s stock after selling 2,344 shares during the period. Estee Lauder Companies, Inc. (The) comprises about 1.4% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 16th largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Estee Lauder Companies, Inc. (The) were worth $9,487,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in Estee Lauder Companies, Inc. (The) by 126.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after purchasing an additional 633 shares in the last quarter. Acrospire Investment Management LLC grew its position in Estee Lauder Companies, Inc. (The) by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after purchasing an additional 1,100 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in Estee Lauder Companies, Inc. (The) in the second quarter valued at $147,000. Sun Life Financial INC grew its position in Estee Lauder Companies, Inc. (The) by 16,290.0% in the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Estee Lauder Companies, Inc. (The) by 4.8% in the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after acquiring an additional 86 shares during the last quarter. 54.89% of the stock is owned by institutional investors and hedge funds.

In related news, VP Sara E. Moss sold 14,552 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $100.22, for a total value of $1,458,401.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barry S. Sternlicht sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the completion of the transaction, the director now owns 40,982 shares in the company, valued at $4,356,386.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 580,641 shares of company stock worth $61,605,635. Insiders own 16.24% of the company’s stock.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is presently 40.60%.

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EL has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $100.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $108.00 price target (up previously from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Bank of America Corporation increased their price target on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Stifel Nicolaus set a $108.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $115.46.

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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