Estee Lauder Companies, Inc. (The) (EL) Position Reduced by BTC Capital Management Inc.

BTC Capital Management Inc. cut its stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,132 shares of the company’s stock after selling 600 shares during the period. BTC Capital Management Inc.’s holdings in Estee Lauder Companies, Inc. (The) were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EL. Jennison Associates LLC acquired a new stake in Estee Lauder Companies, Inc. (The) in the 3rd quarter worth approximately $664,432,000. Janus Henderson Group PLC boosted its stake in Estee Lauder Companies, Inc. (The) by 1,676.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after purchasing an additional 4,431,247 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Estee Lauder Companies, Inc. (The) in the 2nd quarter worth approximately $186,061,000. Northern Trust Corp boosted its stake in Estee Lauder Companies, Inc. (The) by 41.1% in the 2nd quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock worth $358,214,000 after purchasing an additional 1,086,562 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Estee Lauder Companies, Inc. (The) by 7.4% in the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock worth $1,420,311,000 after purchasing an additional 1,022,956 shares in the last quarter. Institutional investors own 56.26% of the company’s stock.

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A number of research firms have issued reports on EL. Royal Bank Of Canada reissued an “outperform” rating and set a $135.00 price target (up from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Friday, November 3rd. Morgan Stanley lifted their target price on shares of Estee Lauder Companies, Inc. (The) from $122.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Argus lifted their target price on shares of Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Citigroup Inc. lifted their target price on shares of Estee Lauder Companies, Inc. (The) from $111.00 to $128.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $135.00 target price (up from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, November 2nd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $117.42.

Shares of Estee Lauder Companies, Inc. (EL) traded up $1.71 during trading hours on Tuesday, reaching $126.32. 2,034,900 shares of the company’s stock were exchanged, compared to its average volume of 1,935,057. 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 stock has a market capitalization of $45,885.89, a price-to-earnings ratio of 32.37, a PEG ratio of 2.41 and a beta of 0.68. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $126.99.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.24. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies, Inc. (The) had a net margin of 11.30% and a return on equity of 33.64%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. equities analysts forecast that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 1.20%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is 36.76%.

In related news, EVP Alexandra C. Trower sold 25,446 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $120.39, for a total value of $3,063,443.94. Following the completion of the transaction, the executive vice president now directly owns 7,732 shares of the company’s stock, valued at $930,855.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carl P. Haney sold 6,941 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $123.19, for a total value of $855,061.79. The disclosure for this sale can be found here. Insiders have sold 798,654 shares of company stock worth $88,467,343 over the last quarter. Insiders own 16.24% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

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.

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Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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