L & S Advisors Inc Raises Holdings in Estee Lauder Companies Inc (NYSE:EL)

L & S Advisors Inc lifted its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 108.3% in the second quarter, HoldingsChannel reports. The firm owned 20,725 shares of the company’s stock after acquiring an additional 10,774 shares during the period. L & S Advisors Inc’s holdings in Estee Lauder Companies were worth $3,795,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. lifted its holdings in Estee Lauder Companies by 16.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 429 shares of the company’s stock worth $79,000 after buying an additional 60 shares in the last quarter. Berman Capital Advisors LLC lifted its stake in shares of Estee Lauder Companies by 35.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 243 shares of the company’s stock worth $44,000 after acquiring an additional 63 shares during the period. Bessemer Group Inc. lifted its stake in shares of Estee Lauder Companies by 1.5% in the 2nd quarter. Bessemer Group Inc. now owns 4,352 shares of the company’s stock worth $797,000 after acquiring an additional 66 shares during the period. Intrust Bank NA lifted its stake in shares of Estee Lauder Companies by 1.6% in the 1st quarter. Intrust Bank NA now owns 4,621 shares of the company’s stock worth $765,000 after acquiring an additional 74 shares during the period. Finally, Carroll Financial Associates Inc. lifted its stake in shares of Estee Lauder Companies by 10.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 814 shares of the company’s stock worth $149,000 after acquiring an additional 79 shares during the period. 54.94% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $196.00, for a total transaction of $392,000,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Fabrizio Freda sold 28,819 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $206.51, for a total transaction of $5,951,411.69. Following the sale, the chief executive officer now owns 93,360 shares in the company, valued at approximately $19,279,773.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,180,943 shares of company stock valued at $428,626,737. Company insiders own 16.13% of the company’s stock.

EL stock traded down $0.31 on Friday, hitting $196.91. 102,164 shares of the company’s stock traded hands, compared to its average volume of 2,112,139. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $207.50. The stock has a market cap of $71.96 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 2.55 and a beta of 0.78. The stock has a fifty day moving average of $191.97 and a 200-day moving average of $175.87. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.53 by $0.11. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the business earned $0.61 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Estee Lauder Companies Inc will post 5.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio is presently 32.21%.

A number of brokerages have recently weighed in on EL. Evercore ISI set a $190.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Monday, August 12th. Credit Suisse Group upped their price target on shares of Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Piper Jaffray Companies upped their price target on shares of Estee Lauder Companies from $178.00 to $187.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Deutsche Bank reaffirmed a “buy” rating and issued a $221.00 price target (up from $202.00) on shares of Estee Lauder Companies in a research note on Tuesday, August 20th. Finally, Bank of America reaffirmed a “buy” rating and issued a $220.00 price target (up from $205.00) on shares of Estee Lauder Companies in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Estee Lauder Companies presently has an average rating of “Buy” and a consensus target price of $188.88.

About Estee Lauder Companies

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.

Further Reading: The limitations of an equal weight rating

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

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