The Estee Lauder Companies Inc (EL) Position Increased by Handelsbanken Fonder AB

The Estee Lauder Companies Inc (EL) Position Increased by Handelsbanken Fonder AB

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Estee Lauder Companies by 3.4% in the fourth quarter. State Street Corp now owns 9,251,463 shares of the company’s stock worth $707,661,000 after buying an additional 306,657 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Estee Lauder Companies by 55.4% in the fourth quarter. Janus Capital Management LLC now owns 3,144,305 shares of the company’s stock worth $240,553,000 after buying an additional 1,120,458 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in shares of Estee Lauder Companies by 18.8% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,840,300 shares of the company’s stock worth $240,829,000 after buying an additional 450,300 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Estee Lauder Companies by 49.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,092,700 shares of the company’s stock worth $160,071,000 after buying an additional 692,100 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Estee Lauder Companies by 0.3% in the third quarter. Schroder Investment Management Group now owns 1,817,606 shares of the company’s stock worth $160,968,000 after buying an additional 4,710 shares during the last quarter. 55.53% of the stock is owned by hedge funds and other institutional investors.

Handelsbanken Fonder AB boosted its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,000 shares of the company’s stock after buying an additional 15,000 shares during the period. Handelsbanken Fonder AB’s holdings in Estee Lauder Companies were worth $7,631,000 at the end of the most recent quarter.

Estee Lauder Companies Inc (NYSE:EL) opened at 96.13 on Monday. Estee Lauder Companies Inc has a 52 week low of $75.29 and a 52 week high of $96.22. The company has a market cap of $35.36 billion, a P/E ratio of 32.22 and a beta of 0.86. The stock has a 50 day moving average of $90.73 and a 200 day moving average of $83.63.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. On average, analysts expect that Estee Lauder Companies Inc will post $3.40 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.36 annualized dividend and a yield of 1.41%. Estee Lauder Companies’s dividend payout ratio is currently 46.90%.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. On average, analysts expect that Estee Lauder Companies Inc will post $3.40 earnings per share for the current year. EL has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Vetr upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $87.69 price objective on the stock in a research report on Thursday, March 2nd. JPMorgan Chase & Co. began coverage on shares of Estee Lauder Companies in a research report on Tuesday, March 21st. They issued an “overweight” rating and a $100.00 price objective on the stock. Piper Jaffray Companies upgraded shares of Estee Lauder Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $81.00 to $95.00 in a research report on Thursday, March 2nd. They noted that the move was a valuation call. Finally, Wells Fargo & Co restated a “buy” rating on shares of Estee Lauder Companies in a research report on Saturday, April 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Estee Lauder Companies has a consensus rating of “Buy” and a consensus price target of $97.81.

In other news, insider John Demsey sold 21,010 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $85.46, for a total value of $1,795,514.60. Following the completion of the sale, the insider now directly owns 21,010 shares of the company’s stock, valued at $1,795,514.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director G. Scott Paterson acquired 500,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was purchased at an average cost of $0.07 per share, with a total value of $35,000.00. Over the last quarter, insiders acquired 930,000 shares of company stock worth $60,800 and sold 63,364 shares worth $5,746,193. Corporate insiders own 16.98% of the company’s stock. About Estee Lauder Companies

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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