State Street Corp Has $2.71 Billion Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

State Street Corp boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,946,170 shares of the company’s stock after purchasing an additional 184,272 shares during the period. State Street Corp’s holdings in Estée Lauder Companies were worth $2,708,541,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Estée Lauder Companies by 13.1% during the 4th quarter. BlackRock Inc. now owns 16,953,258 shares of the company’s stock worth $6,276,099,000 after purchasing an additional 1,969,898 shares in the last quarter. Fundsmith LLP increased its holdings in Estée Lauder Companies by 4.9% during the 4th quarter. Fundsmith LLP now owns 7,165,161 shares of the company’s stock worth $2,652,543,000 after purchasing an additional 333,409 shares in the last quarter. Geode Capital Management LLC increased its holdings in Estée Lauder Companies by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 3,651,707 shares of the company’s stock worth $1,347,667,000 after purchasing an additional 130,587 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Estée Lauder Companies by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,515,112 shares of the company’s stock valued at $931,095,000 after acquiring an additional 47,862 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Estée Lauder Companies in the 4th quarter valued at about $858,734,000. Institutional investors own 56.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EL. Royal Bank of Canada decreased their price objective on Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating for the company in a report on Friday, August 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Estée Lauder Companies from $266.00 to $280.00 in a report on Friday, August 19th. Oppenheimer restated an “outperform” rating and issued a $300.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, May 31st. DA Davidson decreased their price objective on Estée Lauder Companies from $342.00 to $318.00 and set a “buy” rating for the company in a report on Tuesday, August 23rd. Finally, Credit Suisse Group cut their target price on shares of Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating for the company in a research note on Friday, August 19th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $318.65.

Insider Activity at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 19,709 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $268.01, for a total value of $5,282,209.09. Following the transaction, the chief executive officer now directly owns 116,792 shares of the company’s stock, valued at $31,301,423.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Estée Lauder Companies news, CEO Fabrizio Freda sold 19,709 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $268.01, for a total transaction of $5,282,209.09. Following the sale, the chief executive officer now owns 116,792 shares of the company’s stock, valued at $31,301,423.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wei Sun Christianson sold 1,056 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $261.52, for a total transaction of $276,165.12. Following the sale, the director now directly owns 10,402 shares in the company, valued at approximately $2,720,331.04. The disclosure for this sale can be found here. Insiders have sold 32,168 shares of company stock valued at $8,686,264 over the last three months. 13.95% of the stock is owned by insiders.

Estée Lauder Companies Stock Up 2.0 %

NYSE EL opened at $252.90 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.92. The Estée Lauder Companies Inc. has a 1-year low of $225.39 and a 1-year high of $374.20. The company has a 50 day moving average of $261.03 and a 200-day moving average of $260.74. The company has a market cap of $90.26 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 3.39 and a beta of 0.99.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. On average, equities research analysts expect that The Estée Lauder Companies Inc. will post 7.52 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.40 dividend on an annualized basis and a yield of 0.95%. Estée Lauder Companies’s dividend payout ratio (DPR) is 36.81%.

About Estée Lauder Companies

(Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

Read More

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

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

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