Park National Corp OH Buys Shares of 4,757 Estee Lauder Companies, Inc. (The) (EL)

Park National Corp OH acquired a new stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,757 shares of the company’s stock, valued at approximately $513,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Lloyds Banking Group plc increased its position in Estee Lauder Companies, Inc. (The) by 1.4% in the 2nd quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock valued at $181,000 after acquiring an additional 26 shares in the last quarter. Moors & Cabot Inc. increased its position in Estee Lauder Companies, Inc. (The) by 1.1% in the 2nd quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock valued at $365,000 after acquiring an additional 40 shares in the last quarter. Glenview Trust Co increased its position in Estee Lauder Companies, Inc. (The) by 1.5% in the 2nd quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock valued at $263,000 after acquiring an additional 41 shares in the last quarter. Cadence Capital Management LLC increased its position in Estee Lauder Companies, Inc. (The) by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 5,662 shares of the company’s stock valued at $543,000 after acquiring an additional 42 shares in the last quarter. Finally, Williams Jones & Associates LLC increased its position in Estee Lauder Companies, Inc. (The) by 0.7% in the 2nd quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock valued at $659,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 54.66% of the company’s stock.

EL has been the topic of several recent research reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Royal Bank Of Canada set a $115.00 target price on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research lowered shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Jefferies Group LLC raised their target price on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Finally, BMO Capital Markets raised shares of Estee Lauder Companies, Inc. (The) from an “underperform” rating to a “market perform” rating and raised their target price for the company from $83.00 to $107.00 in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $111.86.

Shares of Estee Lauder Companies, Inc. (EL) traded down 0.380% during mid-day trading on Friday, reaching $111.365. 446,728 shares of the company’s stock traded hands. The company has a market cap of $40.98 billion, a price-to-earnings ratio of 33.243 and a beta of 0.67. Estee Lauder Companies, Inc. has a 12 month low of $75.30 and a 12 month high of $111.79. The company has a 50 day moving average of $109.28 and a 200 day moving average of $99.28.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. Analysts expect that Estee Lauder Companies, Inc. will post $3.99 earnings per share for the current fiscal year.

In related news, EVP Gregory Polcer sold 25,000 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sara E. Moss sold 14,552 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $100.22, for a total value of $1,458,401.44. The disclosure for this sale can be found here. Insiders have sold a total of 580,641 shares of company stock worth $61,605,635 over the last 90 days. Company insiders own 16.24% of the company’s stock.

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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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