Estee Lauder Companies Inc (EL) Shares Sold by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. lowered its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 47.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,347 shares of the company’s stock after selling 88,676 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Estee Lauder Companies were worth $16,117,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc increased its holdings in shares of Estee Lauder Companies by 0.7% in the third quarter. Vanguard Group Inc now owns 16,758,108 shares of the company’s stock valued at $2,435,289,000 after purchasing an additional 117,152 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Estee Lauder Companies by 112.1% in the third quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock valued at $1,022,019,000 after purchasing an additional 3,716,962 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Estee Lauder Companies by 6,015.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock valued at $53,000 after purchasing an additional 6,784,090 shares during the last quarter. Fundsmith LLP increased its holdings in shares of Estee Lauder Companies by 6.7% in the fourth quarter. Fundsmith LLP now owns 6,275,561 shares of the company’s stock valued at $911,965,000 after purchasing an additional 394,564 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Estee Lauder Companies by 13.3% in the fourth quarter. Brown Advisory Inc. now owns 2,663,631 shares of the company’s stock valued at $346,538,000 after purchasing an additional 311,836 shares during the last quarter. 53.42% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the company. Oppenheimer increased their price objective on Estee Lauder Companies from $164.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Citigroup increased their price objective on Estee Lauder Companies from $179.00 to $188.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus increased their price objective on Estee Lauder Companies from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Argus increased their price objective on Estee Lauder Companies to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Piper Jaffray Companies increased their price objective on Estee Lauder Companies from $161.00 to $178.00 and gave the stock a “positive” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $170.78.

In other news, Director Charlene Barshefsky sold 1,356 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $172.19, for a total transaction of $233,489.64. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at $688,760. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Fabrizio Freda sold 98,262 shares of Estee Lauder Companies stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $152.20, for a total value of $14,955,476.40. Following the completion of the transaction, the chief executive officer now owns 171,436 shares of the company’s stock, valued at $26,092,559.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 482,246 shares of company stock valued at $75,781,553. Company insiders own 16.13% of the company’s stock.

EL opened at $167.29 on Wednesday. Estee Lauder Companies Inc has a 52 week low of $121.47 and a 52 week high of $180.20. The firm has a market cap of $60.54 billion, a PE ratio of 37.09, a PEG ratio of 2.64 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period last year, the business posted $1.17 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that Estee Lauder Companies Inc will post 5.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 1.03%. Estee Lauder Companies’s dividend payout ratio is currently 38.14%.

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About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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

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