Commerzbank Aktiengesellschaft FI Acquires 5,273 Shares of Estee Lauder Companies, Inc. (The) (EL)

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 232.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,538 shares of the company’s stock after purchasing an additional 5,273 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Estee Lauder Companies were worth $813,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ lifted its stake in Estee Lauder Companies by 7.1% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 45,458 shares of the company’s stock valued at $4,903,000 after purchasing an additional 3,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Estee Lauder Companies by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 478,625 shares of the company’s stock valued at $51,610,000 after purchasing an additional 2,525 shares during the last quarter. Hartford Investment Management Co. lifted its stake in Estee Lauder Companies by 3.0% during the third quarter. Hartford Investment Management Co. now owns 50,131 shares of the company’s stock valued at $5,406,000 after purchasing an additional 1,473 shares during the last quarter. Citizens & Northern Corp lifted its stake in Estee Lauder Companies by 7.4% during the third quarter. Citizens & Northern Corp now owns 12,201 shares of the company’s stock valued at $1,316,000 after purchasing an additional 843 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Estee Lauder Companies by 2.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 763,510 shares of the company’s stock valued at $82,337,000 after purchasing an additional 15,736 shares during the last quarter. 53.87% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies, Inc. (EL) opened at $125.63 on Friday. The firm has a market cap of $46,095.78, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. Estee Lauder Companies, Inc. has a 12 month low of $75.83 and a 12 month high of $126.99.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The company 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 business posted $0.85 EPS. Estee Lauder Companies’s quarterly revenue was up 14.3% on a year-over-year basis. equities research analysts expect that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.38 per share. This is a positive change from Estee Lauder Companies’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 dividend yield of 1.21%. Estee Lauder Companies’s dividend payout ratio is 41.08%.

EL has been the topic of a number of recent analyst reports. DA Davidson restated a “hold” rating and set a $125.00 price target on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets boosted their price target on shares of Estee Lauder Companies from $107.00 to $126.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Royal Bank Of Canada set a $115.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a report on Monday, August 21st. Bank of America boosted their price target on shares of Estee Lauder Companies from $115.00 to $122.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Jefferies Group restated a “buy” rating and set a $112.00 price target (up previously from $110.00) on shares of Estee Lauder Companies in a report on Monday, August 21st. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Estee Lauder Companies presently has an average rating of “Buy” and an average price target of $118.14.

In other news, EVP Alexandra C. Trower sold 25,446 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $120.39, for a total transaction of $3,063,443.94. Following the transaction, the executive vice president now owns 7,732 shares in the company, valued at approximately $930,855.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gregory Polcer sold 2,730 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $108.11, for a total transaction of $295,140.30. Following the transaction, the executive vice president now owns 70,309 shares in the company, valued at approximately $7,601,105.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,526,646 shares of company stock worth $190,321,370. 16.24% of the stock is currently owned by company insiders.

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Estee Lauder Companies 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.

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

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