Cadence Capital Management LLC cut its stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,657 shares of the company’s stock after selling 1,005 shares during the quarter. Cadence Capital Management LLC’s holdings in Estee Lauder Companies were worth $502,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Lloyds Banking Group plc raised its holdings in Estee Lauder Companies by 1.4% in the 2nd quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock valued at $181,000 after acquiring an additional 26 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Estee Lauder Companies by 1.1% in the 2nd quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock valued at $365,000 after acquiring an additional 40 shares during the last quarter. Glenview Trust Co raised its holdings in Estee Lauder Companies by 1.5% in the 2nd quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock valued at $263,000 after acquiring an additional 41 shares during the last quarter. Williams Jones & Associates LLC raised its holdings in Estee Lauder Companies by 0.7% in the 2nd quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock valued at $659,000 after acquiring an additional 45 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Estee Lauder Companies by 4.8% in the 2nd 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. 53.87% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies, Inc. (EL) traded down $0.84 during trading on Wednesday, reaching $124.50. 2,491,700 shares of the company traded hands, compared to its average volume of 1,927,526. Estee Lauder Companies, Inc. has a 12-month low of $75.83 and a 12-month high of $126.99. 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 $46,154.70, a P/E ratio of 32.56, a PEG ratio of 2.42 and a beta of 0.71.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. research analysts predict that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s dividend payout ratio (DPR) is 41.08%.

In other Estee Lauder Companies news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $125.44, for a total value of $71,670,269.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tracey Thomas Travis sold 5,469 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,524,126. The disclosure for this sale can be found here. Insiders sold a total of 1,556,008 shares of company stock valued at $193,498,628 in the last quarter. 16.24% of the stock is owned by insiders.

EL has been the subject of a number of recent research reports. Jefferies Group increased their price objective on shares of Estee Lauder Companies from $112.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $117.00 price objective on shares of Estee Lauder Companies in a report on Tuesday, August 29th. Piper Jaffray Companies set a $135.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a report on Wednesday, November 1st. Stifel Nicolaus raised their price target on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Morgan Stanley raised their price target on shares of Estee Lauder Companies from $122.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Estee Lauder Companies presently has an average rating of “Buy” and an average target price of $118.14.

TRADEMARK VIOLATION WARNING: “Cadence Capital Management LLC Decreases Position in Estee Lauder Companies, Inc. (The) (EL)” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://theolympiareport.com/2017/12/06/cadence-capital-management-llc-decreases-position-in-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.

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

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.