Andra AP fonden lowered its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,900 shares of the company’s stock after selling 1,200 shares during the quarter. Andra AP fonden’s holdings in Estee Lauder Companies were worth $8,414,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. NEXT Financial Group Inc purchased a new position in shares of Estee Lauder Companies during the 3rd quarter valued at $108,000. CSat Investment Advisory L.P. purchased a new position in shares of Estee Lauder Companies during the 2nd quarter valued at $106,000. Amussen Hunsaker Associates LLC purchased a new position in shares of Estee Lauder Companies during the 2nd quarter valued at $112,000. Itau Unibanco Holding S.A. grew its position in shares of Estee Lauder Companies by 400.6% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock valued at $114,000 after purchasing an additional 637 shares in the last quarter. Finally, Fort L.P. purchased a new position in shares of Estee Lauder Companies during the 2nd quarter valued at $116,000. 55.77% of the stock is currently owned by hedge funds and other institutional investors.
EL traded down $1.46 during midday trading on Friday, reaching $140.23. The company’s stock had a trading volume of 1,962,765 shares, compared to its average volume of 2,521,334. The stock has a market cap of $52.27 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 2.47 and a beta of 0.66. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.28 and a current ratio of 1.75. Estee Lauder Companies Inc has a 1 year low of $121.93 and a 1 year high of $158.80.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.43 per share. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, November 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.23%. Estee Lauder Companies’s dividend payout ratio is presently 33.70%.
In related news, CFO Tracey Thomas Travis sold 7,406 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $142.19, for a total transaction of $1,053,059.14. Following the transaction, the chief financial officer now owns 32,764 shares in the company, valued at $4,658,713.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sara E. Moss sold 11,404 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $141.89, for a total transaction of $1,618,113.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,228 shares of company stock worth $22,034,923. Corporate insiders own 16.13% of the company’s stock.
A number of research analysts have recently commented on EL shares. UBS Group assumed coverage on shares of Estee Lauder Companies in a research note on Thursday, July 19th. They issued a “neutral” rating and a $144.00 price target for the company. Oppenheimer lowered their price target on shares of Estee Lauder Companies from $170.00 to $148.00 and set an “outperform” rating for the company in a research note on Tuesday, August 14th. Piper Jaffray Companies set a $162.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Thursday, August 16th. DA Davidson raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $134.00 to $167.00 in a research note on Tuesday, August 21st. Finally, Citigroup lowered their price objective on shares of Estee Lauder Companies from $158.00 to $149.00 and set a “neutral” rating for the company in a research note on Tuesday, August 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $146.98.
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.
Recommended Story: What is a Stop Order?
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.