The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 3.4% during the second quarter, Holdings Channel.com reports. The firm owned 62,201 shares of the company’s stock after selling 2,220 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in The Estée Lauder Companies were worth $19,792,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jupiter Asset Management Ltd. raised its position in The Estée Lauder Companies by 92.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 13,764 shares of the company’s stock valued at $4,375,000 after purchasing an additional 6,621 shares in the last quarter. Teacher Retirement System of Texas raised its position in The Estée Lauder Companies by 49.3% in the 1st quarter. Teacher Retirement System of Texas now owns 114,519 shares of the company’s stock valued at $33,308,000 after purchasing an additional 37,797 shares in the last quarter. Tudor Investment Corp Et Al raised its position in The Estée Lauder Companies by 138.4% in the 1st quarter. Tudor Investment Corp Et Al now owns 19,726 shares of the company’s stock valued at $5,737,000 after purchasing an additional 11,450 shares in the last quarter. BW Gestao de Investimentos Ltda. increased its holdings in shares of The Estée Lauder Companies by 93.0% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 13,451 shares of the company’s stock valued at $4,278,000 after acquiring an additional 6,482 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of The Estée Lauder Companies by 46.5% in the 2nd quarter. Bessemer Group Inc. now owns 7,185 shares of the company’s stock valued at $2,285,000 after acquiring an additional 2,282 shares during the last quarter. 56.00% of the stock is currently owned by institutional investors.

EL opened at $330.82 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.84 and a quick ratio of 1.37. The business has a 50 day simple moving average of $330.17 and a 200-day simple moving average of $310.60. The stock has a market capitalization of $119.52 billion, a P/E ratio of 42.47, a P/E/G ratio of 3.94 and a beta of 0.94. The Estée Lauder Companies Inc. has a 12 month low of $204.23 and a 12 month high of $347.82.

The Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, August 18th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.50 by $0.28. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.75 billion. The Estée Lauder Companies had a return on equity of 44.03% and a net margin of 17.70%. The company’s quarterly revenue was up 62.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.53) EPS. Research analysts anticipate that The Estée Lauder Companies Inc. will post 7.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, August 30th. This represents a $2.12 annualized dividend and a dividend yield of 0.64%. The Estée Lauder Companies’s dividend payout ratio is currently 32.87%.

A number of research firms have recently commented on EL. Stifel Nicolaus increased their price objective on The Estée Lauder Companies from $325.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 20th. Evercore ISI increased their price objective on The Estée Lauder Companies from $355.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, August 20th. Wells Fargo & Company increased their price objective on The Estée Lauder Companies from $340.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, August 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $384.00 price objective on shares of The Estée Lauder Companies in a report on Friday, August 20th. Finally, Morgan Stanley increased their price objective on The Estée Lauder Companies from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, August 23rd. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, The Estée Lauder Companies has a consensus rating of “Buy” and an average price target of $338.35.

In related news, major shareholder Zinterhofer Aerin Lauder Trust sold 184,293 shares of The Estée Lauder Companies stock in a transaction on Wednesday, August 25th. The stock was sold at an average price of $335.95, for a total transaction of $61,913,233.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tracey Thomas Travis sold 26,792 shares of The Estée Lauder Companies stock in a transaction on Friday, June 25th. The stock was sold at an average price of $310.01, for a total value of $8,305,787.92. Following the transaction, the chief financial officer now directly owns 58,131 shares of the company’s stock, valued at $18,021,191.31. The disclosure for this sale can be found here. Insiders sold a total of 360,567 shares of company stock valued at $118,735,672 over the last three months. Insiders own 13.95% of the company’s stock.

The Estée Lauder Companies Company Profile

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

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

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