South Dakota Investment Council reduced its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 51.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after selling 1,600 shares during the period. South Dakota Investment Council’s holdings in Estee Lauder Companies were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. raised its holdings in shares of Estee Lauder Companies by 5.2% during the 2nd quarter. D.A. Davidson & CO. now owns 2,488 shares of the company’s stock worth $456,000 after acquiring an additional 123 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in shares of Estee Lauder Companies by 37.2% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 14,752 shares of the company’s stock worth $2,701,000 after acquiring an additional 4,000 shares in the last quarter. Magellan Asset Management Ltd purchased a new stake in shares of Estee Lauder Companies during the 2nd quarter worth approximately $442,334,000. Tyers Asset Management LLC raised its holdings in shares of Estee Lauder Companies by 37.2% during the 2nd quarter. Tyers Asset Management LLC now owns 20,284 shares of the company’s stock worth $3,714,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Flinton Capital Management LLC raised its holdings in shares of Estee Lauder Companies by 37.2% during the 2nd quarter. Flinton Capital Management LLC now owns 25,816 shares of the company’s stock worth $4,727,000 after acquiring an additional 7,000 shares in the last quarter. 54.94% of the stock is currently owned by hedge funds and other institutional investors.

In other Estee Lauder Companies news, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $196.00, for a total value of $392,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Fabrizio Freda sold 28,819 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $206.51, for a total value of $5,951,411.69. Following the completion of the sale, the chief executive officer now owns 93,360 shares of the company’s stock, valued at $19,279,773.60. The disclosure for this sale can be found here. Insiders sold a total of 2,180,943 shares of company stock worth $428,626,737 in the last ninety days. 16.13% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on EL shares. Raymond James reaffirmed an “outperform” rating and set a $216.00 price objective (up from $181.00) on shares of Estee Lauder Companies in a report on Tuesday, August 20th. Piper Jaffray Companies upped their price objective on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Bank of America reaffirmed a “buy” rating and set a $220.00 price objective (up from $205.00) on shares of Estee Lauder Companies in a report on Monday, August 19th. UBS Group upped their price objective on Estee Lauder Companies from $172.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada upped their price objective on Estee Lauder Companies to $200.00 in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $188.88.

Shares of NYSE EL traded down $1.01 during trading hours on Friday, hitting $196.21. 32,210 shares of the company traded hands, compared to its average volume of 2,112,139. The stock has a market capitalization of $71.96 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 2.55 and a beta of 0.78. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average price is $191.97 and its 200 day moving average price is $175.87. Estee Lauder Companies Inc has a 12 month low of $121.47 and a 12 month high of $207.50.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.11. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.53 billion. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. Estee Lauder Companies’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. Equities analysts anticipate that Estee Lauder Companies Inc will post 5.99 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 32.21%.

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.

Featured Story: How the Consumer Price Index (CPI) is calculated?

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies Inc (NYSE:EL).

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

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.