Credit Suisse AG Raises Position in Estee Lauder Companies, Inc. (The) (EL)

Credit Suisse AG increased its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 30.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 583,908 shares of the company’s stock after buying an additional 134,736 shares during the period. Credit Suisse AG owned approximately 0.16% of Estee Lauder Companies, Inc. (The) worth $51,712,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fundsmith LLP acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the second quarter worth about $211,465,000. USS Investment Management Ltd boosted its position in shares of Estee Lauder Companies, Inc. (The) by 163.1% in the third quarter. USS Investment Management Ltd now owns 1,290,500 shares of the company’s stock worth $114,280,000 after buying an additional 800,000 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the third quarter worth about $57,558,000. Scopus Asset Management L.P. acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the third quarter worth about $54,022,000. Finally, Royal Bank of Canada boosted its position in shares of Estee Lauder Companies, Inc. (The) by 38.8% in the second quarter. Royal Bank of Canada now owns 1,903,938 shares of the company’s stock worth $173,296,000 after buying an additional 531,853 shares in the last quarter. 55.74% of the stock is owned by hedge funds and other institutional investors.

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

Estee Lauder Companies, Inc. (NYSE:EL) traded down 0.08% during midday trading on Friday, reaching $82.59. 1,684,795 shares of the company traded hands. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $97.48. The firm has a market capitalization of $30.26 billion, a price-to-earnings ratio of 28.54 and a beta of 0.86. The firm has a 50-day moving average price of $79.92 and a 200-day moving average price of $84.31.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its earnings results on Thursday, February 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Estee Lauder Companies, Inc. (The) had a return on equity of 32.36% and a net margin of 9.50%. The firm earned $3.21 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the firm posted $1.22 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Estee Lauder Companies, Inc. will post $3.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, February 24th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is presently 46.90%.

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A number of equities research analysts recently issued reports on EL shares. B. Riley reiterated a “neutral” rating and set a $92.00 target price on shares of Estee Lauder Companies, Inc. (The) in a research report on Tuesday, November 22nd. Barclays PLC reiterated an “overweight” rating and set a $88.00 target price (down previously from $93.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Tuesday, January 10th. Zacks Investment Research cut shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Jefferies Group LLC set a $87.00 target price on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Friday, February 3rd. Finally, Vetr upgraded shares of Estee Lauder Companies, Inc. (The) from a “sell” rating to a “hold” rating and set a $79.50 target price for the company in a research report on Monday, January 30th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Estee Lauder Companies, Inc. (The) presently has an average rating of “Hold” and an average price target of $95.22.

In other Estee Lauder Companies, Inc. (The) news, EVP Michael O’hare sold 4,492 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $76.32, for a total value of $342,829.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Demsey sold 20,322 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $82.07, for a total value of $1,667,826.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,372 shares of company stock valued at $3,324,203. Insiders own 16.98% of the company’s stock.

Estee Lauder Companies, Inc. (The) Company 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.

5 Day Chart for NYSE:EL

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