Capital World Investors boosted its holdings in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 12.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,750,000 shares of the company’s stock after purchasing an additional 200,000 shares during the period. Capital World Investors owned about 0.48% of Estee Lauder Companies, Inc. (The) worth $167,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. AHL Partners LLP raised its position in shares of Estee Lauder Companies, Inc. (The) by 174.6% in the second quarter. AHL Partners LLP now owns 9,092 shares of the company’s stock worth $872,000 after acquiring an additional 5,781 shares during the period. GLG Partners LP raised its position in shares of Estee Lauder Companies, Inc. (The) by 4.0% in the second quarter. GLG Partners LP now owns 26,000 shares of the company’s stock worth $2,495,000 after acquiring an additional 1,000 shares during the period. Zurich Insurance Group Ltd FI raised its position in shares of Estee Lauder Companies, Inc. (The) by 46.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 60,370 shares of the company’s stock worth $5,794,000 after acquiring an additional 19,116 shares during the period. Sun Life Financial INC raised its position in shares of Estee Lauder Companies, Inc. (The) by 16,290.0% in the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after acquiring an additional 1,629 shares during the period. Finally, Clinton Group Inc. acquired a new position in shares of Estee Lauder Companies, Inc. (The) in the second quarter worth about $529,000. Institutional investors own 54.58% of the company’s stock.

In other Estee Lauder Companies, Inc. (The) news, VP Sara E. Moss sold 14,552 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $105.41, for a total transaction of $210,820.00. Following the transaction, the director now owns 26,240 shares of the company’s stock, valued at approximately $2,765,958.40. The disclosure for this sale can be found here. Insiders sold 555,641 shares of company stock valued at $58,855,635 in the last quarter. Company insiders own 16.24% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Capital World Investors Boosts Position in Estee Lauder Companies, Inc. (The) (EL)” was reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at http://www.mareainformativa.com/capital-world-investors-boosts-position-in-estee-lauder-companies-inc-the-el/117726/.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) opened at 110.40 on Thursday. The stock’s 50 day moving average is $107.38 and its 200-day moving average is $96.63. Estee Lauder Companies, Inc. has a 1-year low of $75.30 and a 1-year high of $110.99. The stock has a market cap of $40.62 billion, a PE ratio of 32.96 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings data on Friday, August 18th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the business earned $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, analysts predict that Estee Lauder Companies, Inc. will post $3.98 EPS for the current fiscal year.

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

EL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, July 6th. Stifel Nicolaus set a $108.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, July 6th. Bank of America Corporation upped their price objective on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, BidaskClub downgraded shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $110.48.

About Estee Lauder Companies, Inc. (The)

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 & Stock 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 stocks with our FREE daily email newsletter.