Raymond James Financial Services Advisors Inc. Buys 4,917 Shares of Estee Lauder Companies, Inc. (The) (EL)

Raymond James Financial Services Advisors Inc. grew its stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,692 shares of the company’s stock after purchasing an additional 4,917 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Estee Lauder Companies, Inc. (The) were worth $11,969,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Estee Lauder Companies, Inc. (The) by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 15,286,591 shares of the company’s stock worth $1,467,207,000 after buying an additional 485,448 shares during the period. BlackRock Inc. raised its stake in shares of Estee Lauder Companies, Inc. (The) by 7.4% during the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock worth $1,420,311,000 after buying an additional 1,022,956 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Estee Lauder Companies, Inc. (The) by 16.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,073,471 shares of the company’s stock worth $514,969,000 after buying an additional 880,014 shares during the period. Janus Henderson Group PLC raised its stake in shares of Estee Lauder Companies, Inc. (The) by 1,676.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after buying an additional 4,431,247 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Estee Lauder Companies, Inc. (The) by 11.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 4,486,572 shares of the company’s stock worth $380,416,000 after buying an additional 460,548 shares during the period. Institutional investors and hedge funds own 54.59% of the company’s stock.

Several research analysts have recently weighed in on the company. DA Davidson assumed coverage on Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 27th. They set a “neutral” rating and a $115.00 target price for the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Citigroup Inc. reaffirmed an “outperform” rating and set a $120.00 target price (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Macquarie assumed coverage on Estee Lauder Companies, Inc. (The) in a research note on Friday, September 15th. They set an “outperform” rating and a $124.00 target price for the company. Finally, Jefferies Group LLC upped their target price on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Estee Lauder Companies, Inc. (The) has an average rating of “Buy” and an average target price of $110.48.

TRADEMARK VIOLATION NOTICE: This piece was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/10/11/raymond-james-financial-services-advisors-inc-buys-4917-shares-of-estee-lauder-companies-inc-the-el.html.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded up 0.2891% during mid-day trading on Wednesday, hitting $109.9068. The company’s stock had a trading volume of 113,475 shares. Estee Lauder Companies, Inc. has a 12-month low of $75.30 and a 12-month high of $110.99. The stock has a 50-day moving average of $108.15 and a 200-day moving average of $97.38. The company has a market cap of $24.60 billion, a PE ratio of 32.8080 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Estee Lauder Companies, Inc. will post $3.98 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.34 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.24%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is 40.60%.

In other news, EVP Gregory Polcer sold 25,000 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fabrizio Freda sold 300,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $105.77, for a total value of $31,731,000.00. Following the completion of the transaction, the insider now directly owns 373,174 shares of the company’s stock, valued at $39,470,613.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 580,641 shares of company stock valued at $61,605,635. Insiders own 16.24% of the company’s stock.

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)

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