Amussen Hunsaker Associates LLC bought a new position in Estee Lauder Companies Inc (NYSE:EL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 782 shares of the company’s stock, valued at approximately $112,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Estee Lauder Companies by 0.9% during the 2nd quarter. BlackRock Inc. now owns 16,282,787 shares of the company’s stock valued at $2,323,392,000 after buying an additional 150,268 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Estee Lauder Companies by 332.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,505,185 shares of the company’s stock valued at $524,797,000 after acquiring an additional 2,695,358 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Estee Lauder Companies by 15.2% during the 2nd quarter. Wells Fargo & Company MN now owns 3,172,974 shares of the company’s stock valued at $452,750,000 after acquiring an additional 418,055 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Estee Lauder Companies by 13.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,650,107 shares of the company’s stock valued at $378,143,000 after acquiring an additional 308,093 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its position in shares of Estee Lauder Companies by 187.1% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,567,264 shares of the company’s stock valued at $234,650,000 after acquiring an additional 1,021,345 shares during the last quarter. 56.37% of the stock is owned by institutional investors.

Shares of EL opened at $139.89 on Tuesday. The firm has a market capitalization of $51.31 billion, a P/E ratio of 30.94, a P/E/G ratio of 2.15 and a beta of 0.63. Estee Lauder Companies Inc has a 52-week low of $106.00 and a 52-week high of $158.80. The company has a quick ratio of 1.37, a current ratio of 1.86 and a debt-to-equity ratio of 0.71.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, August 20th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.25 billion. Estee Lauder Companies had a return on equity of 36.09% and a net margin of 8.10%. Estee Lauder Companies’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. sell-side analysts anticipate that Estee Lauder Companies Inc will post 4.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were given a $0.38 dividend. The ex-dividend date was Thursday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. Estee Lauder Companies’s dividend payout ratio is presently 33.70%.

In other Estee Lauder Companies news, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the stock in a transaction on Tuesday, September 11th. The stock was 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 in the company, valued at $2,069,052.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 31,055 shares of the stock in a transaction on Friday, September 7th. The stock was sold at an average price of $138.42, for a total value of $4,298,633.10. Following the completion of the sale, the chief executive officer now owns 99,008 shares in the company, valued at approximately $13,704,687.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,756 shares of company stock valued at $14,739,082. 16.24% of the stock is owned by corporate insiders.

A number of research firms have recently commented on EL. Piper Jaffray Companies increased their target price on Estee Lauder Companies from $149.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, June 18th. Morgan Stanley downgraded Estee Lauder Companies from an “overweight” rating to an “equal weight” rating and set a $153.00 target price for the company. in a research report on Monday, June 25th. Evercore ISI began coverage on Estee Lauder Companies in a research report on Tuesday, May 22nd. They set a “buy” rating and a $170.00 target price for the company. Wells Fargo & Co reiterated a “buy” rating and set a $168.00 target price on shares of Estee Lauder Companies in a research report on Monday, May 21st. Finally, Jefferies Financial Group set a $145.00 target price on Estee Lauder Companies and gave the company a “hold” rating in a research report on Friday, June 29th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $146.34.

Estee Lauder Companies Company Profile

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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