The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Versor Investments LP

Versor Investments LP boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 363.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,897 shares of the company's stock after purchasing an additional 10,114 shares during the quarter. Versor Investments LP's holdings in Estée Lauder Companies were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EL. Vanguard Group Inc. lifted its position in shares of Estée Lauder Companies by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company's stock worth $3,188,832,000 after purchasing an additional 1,250,555 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Estée Lauder Companies by 13.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,151,580 shares of the company's stock valued at $607,169,000 after purchasing an additional 496,308 shares during the last quarter. Norges Bank bought a new position in Estée Lauder Companies in the fourth quarter worth about $518,975,000. Clearbridge Investments LLC lifted its position in shares of Estée Lauder Companies by 4.6% during the first quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company's stock valued at $487,612,000 after buying an additional 140,416 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Estée Lauder Companies by 12.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,962,985 shares of the company's stock worth $315,262,000 after buying an additional 318,257 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. Company insiders own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EL shares. UBS Group lowered their price target on Estée Lauder Companies from $115.00 to $104.00 and set a "neutral" rating for the company in a report on Tuesday, August 20th. Barclays reduced their target price on Estée Lauder Companies from $136.00 to $117.00 and set an "equal weight" rating for the company in a research note on Friday, July 19th. Citigroup dropped their price objective on shares of Estée Lauder Companies from $110.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 20th. Bank of America lowered Estée Lauder Companies from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $140.00 to $100.00 in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Estée Lauder Companies from $108.00 to $105.00 and set a "hold" rating on the stock in a report on Tuesday, August 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $122.77.

Estée Lauder Companies Trading Up 1.2 %

EL stock traded up $1.09 during midday trading on Monday, hitting $91.66. 2,653,500 shares of the company's stock were exchanged, compared to its average volume of 3,071,416. The business has a 50-day simple moving average of $98.34 and a two-hundred day simple moving average of $123.68. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a 1-year low of $86.05 and a 1-year high of $165.76. The stock has a market capitalization of $32.88 billion, a PE ratio of 51.49, a P/E/G ratio of 1.53 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.99 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies's dividend payout ratio is presently 148.32%.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.