Estee Lauder Companies, Inc. (The) (EL) Shares Bought by Comerica Securities Inc.

Comerica Securities Inc. grew its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,895 shares of the company’s stock after purchasing an additional 182 shares during the quarter. Comerica Securities Inc.’s holdings in Estee Lauder Companies, Inc. (The) were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. King Luther Capital Management Corp raised its holdings in Estee Lauder Companies, Inc. (The) by 7.4% during the second quarter. King Luther Capital Management Corp now owns 118,281 shares of the company’s stock worth $11,353,000 after purchasing an additional 8,190 shares in the last quarter. Standard Life Investments LTD raised its holdings in Estee Lauder Companies, Inc. (The) by 0.3% during the second quarter. Standard Life Investments LTD now owns 87,571 shares of the company’s stock worth $8,406,000 after purchasing an additional 233 shares in the last quarter. Norinchukin Bank The raised its holdings in Estee Lauder Companies, Inc. (The) by 7.6% during the second quarter. Norinchukin Bank The now owns 15,535 shares of the company’s stock worth $1,491,000 after purchasing an additional 1,092 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Estee Lauder Companies, Inc. (The) by 55.7% during the second quarter. Ameriprise Financial Inc. now owns 985,877 shares of the company’s stock worth $94,624,000 after purchasing an additional 352,659 shares in the last quarter. Finally, Associated Banc Corp acquired a new stake in Estee Lauder Companies, Inc. (The) during the second quarter worth approximately $202,000. 54.63% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the stock. Macquarie assumed coverage on shares of Estee Lauder Companies, Inc. (The) in a report on Friday. They set an “outperform” rating and a $124.00 price objective on the stock. Jefferies Group LLC raised their price objective on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Argus raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Tuesday, August 22nd. Morgan Stanley reissued an “overweight” rating and set a $122.00 price objective (up previously from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $109.41.

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Estee Lauder Companies, Inc. (NYSE:EL) traded down 0.46% during trading on Friday, reaching $109.50. 495,353 shares of the company were exchanged. The stock has a market capitalization of $40.29 billion, a PE ratio of 32.69 and a beta of 0.67. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $110.37. The firm’s 50 day moving average is $103.91 and its 200 day moving average is $94.07.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings data on Friday, August 18th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Analysts expect that Estee Lauder Companies, Inc. will post $3.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a yield of 1.24%. Estee Lauder Companies, Inc. (The)’s payout ratio is currently 40.60%.

In other news, EVP Michael O’hare sold 2,619 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $108.56, for a total value of $284,318.64. Following the completion of the transaction, the executive vice president now owns 5,929 shares of the company’s stock, valued at $643,652.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barry S. Sternlicht sold 10,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $106.30, for a total value of $1,063,000.00. Following the completion of the transaction, the director now directly owns 40,982 shares of the company’s stock, valued at approximately $4,356,386.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 568,791 shares of company stock valued at $60,070,365. 16.98% of the stock is owned by company insiders.

Estee Lauder Companies, Inc. (The) Profile

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.

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

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