Estee Lauder Companies, Inc. (The) (EL) Shares Bought by Amalgamated Bank

Amalgamated Bank boosted its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 56.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,801 shares of the company’s stock after purchasing an additional 9,303 shares during the quarter. Amalgamated Bank’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,476,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. increased its holdings in Estee Lauder Companies, Inc. (The) by 7.4% in the second 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. Comerica Securities Inc. increased its holdings in Estee Lauder Companies, Inc. (The) by 1.9% in the second quarter. Comerica Securities Inc. now owns 9,895 shares of the company’s stock worth $950,000 after purchasing an additional 182 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Estee Lauder Companies, Inc. (The) by 7.4% in 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 increased its holdings in Estee Lauder Companies, Inc. (The) by 0.3% in 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. Finally, Norinchukin Bank The increased its holdings in Estee Lauder Companies, Inc. (The) by 7.6% in 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. Institutional investors and hedge funds own 54.63% of the company’s stock.

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Estee Lauder Companies, Inc. (NYSE EL) opened at 109.69 on Friday. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $110.99. The firm has a 50-day moving average price of $104.20 and a 200-day moving average price of $94.26. The company has a market capitalization of $40.36 billion, a price-to-earnings ratio of 32.74 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts anticipate that Estee Lauder Companies, Inc. will post $3.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.34 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.36 annualized dividend and a yield of 1.24%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is presently 40.60%.

EL has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Estee Lauder Companies, Inc. (The) from $108.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, June 6th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, August 10th. Jefferies Group LLC restated a “buy” rating and set a $110.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, July 6th. Piper Jaffray Companies set a $95.00 price objective on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a report on Friday, August 18th. Finally, Argus upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $109.39.

In other news, VP Sara E. Moss sold 14,552 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Monday, August 7th. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fabrizio Freda sold 15,880 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $95.08, for a total transaction of $1,509,870.40. Following the sale, the insider now directly owns 74,188 shares of the company’s stock, valued at $7,053,795.04. The disclosure for this sale can be found here. Insiders sold a total of 568,791 shares of company stock valued at $60,070,365 in the last three months. 16.98% of the stock is currently owned by corporate insiders.

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.

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

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