First Eagle Investment Management LLC Sells 1,229,546 Shares of Estee Lauder Companies, Inc. (The) (EL)

First Eagle Investment Management LLC trimmed its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 63.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 708,996 shares of the company’s stock after selling 1,229,546 shares during the quarter. First Eagle Investment Management LLC owned 0.19% of Estee Lauder Companies, Inc. (The) worth $76,458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EL. Jennison Associates LLC acquired a new position in shares of Estee Lauder Companies, Inc. (The) in the third quarter valued at $664,432,000. Janus Henderson Group PLC raised its stake in shares of Estee Lauder Companies, Inc. (The) by 1,676.9% in the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after purchasing an additional 4,431,247 shares in the last quarter. Northern Trust Corp raised its stake in shares of Estee Lauder Companies, Inc. (The) by 41.1% in the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock valued at $358,214,000 after purchasing an additional 1,086,562 shares in the last quarter. BlackRock Inc. raised its stake in shares of 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 valued at $1,420,311,000 after purchasing an additional 1,022,956 shares in the last quarter. Finally, Fred Alger Management Inc. acquired a new position in shares of Estee Lauder Companies, Inc. (The) in the second quarter valued at $94,952,000. Institutional investors and hedge funds own 56.26% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2017/11/14/first-eagle-investment-management-llc-sells-1229546-shares-of-estee-lauder-companies-inc-the-el.html.

In other news, CFO Tracey Thomas Travis sold 5,469 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $122.00, for a total transaction of $667,218.00. Following the sale, the chief financial officer now owns 37,083 shares of the company’s stock, valued at $4,524,126. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Carl P. Haney sold 6,941 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was 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 sold 798,654 shares of company stock worth $88,467,343 in the last three months. Insiders own 16.24% of the company’s stock.

Estee Lauder Companies, Inc. (EL) traded up $1.71 during trading hours on Tuesday, reaching $126.32. The company’s stock had a trading volume of 2,034,900 shares, compared to its average volume of 1,935,057. Estee Lauder Companies, Inc. has a 1 year low of $75.30 and a 1 year high of $126.99. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $45,885.89, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68.

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

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

EL has been the topic of a number of analyst reports. Piper Jaffray Companies set a $135.00 price target on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, November 1st. Citigroup Inc. upped their price target on Estee Lauder Companies, Inc. (The) from $111.00 to $128.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. BMO Capital Markets upped their price target on Estee Lauder Companies, Inc. (The) from $107.00 to $126.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. Morgan Stanley upped their price target on Estee Lauder Companies, Inc. (The) from $122.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Finally, Argus upped their price target on Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $117.42.

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.

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

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

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

Latest News

Leave a Reply