Estee Lauder Companies, Inc. (The) (NYSE:EL) Director Richard F. Zannino sold 23,312 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $119.23, for a total transaction of $2,779,489.76. Following the sale, the director now directly owns 14,000 shares of the company’s stock, valued at $1,669,220. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a return on equity of 33.64% and a net margin of 11.30%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business posted $0.85 EPS. Estee Lauder Companies, Inc. (The)’s revenue was up 14.3% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a dividend yield of Infinity. Estee Lauder Companies, Inc. (The)’s payout ratio is currently 36.76%.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in shares of Estee Lauder Companies, Inc. (The) by 6.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 56,755 shares of the company’s stock valued at $6,120,000 after purchasing an additional 3,377 shares during the period. Nicolet Bankshares Inc. boosted its position in Estee Lauder Companies, Inc. (The) by 37.6% during the 3rd quarter. Nicolet Bankshares Inc. now owns 4,150 shares of the company’s stock worth $448,000 after acquiring an additional 1,135 shares during the last quarter. United Asset Strategies Inc. boosted its position in Estee Lauder Companies, Inc. (The) by 26.6% during the 3rd quarter. United Asset Strategies Inc. now owns 4,288 shares of the company’s stock worth $462,000 after acquiring an additional 900 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in Estee Lauder Companies, Inc. (The) during the 3rd quarter worth approximately $4,363,000. Finally, State of Tennessee Treasury Department boosted its position in Estee Lauder Companies, Inc. (The) by 618.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 603,428 shares of the company’s stock worth $65,074,000 after acquiring an additional 519,390 shares during the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

EL has been the subject of several recent analyst reports. Royal Bank Of Canada set a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Deutsche Bank AG reaffirmed a “buy” rating and set a $108.00 price objective (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, July 22nd. Bank of America Corporation lifted their price target on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Finally, Stifel Nicolaus set a $108.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Estee Lauder Companies, Inc. (The) has a consensus rating of “Buy” and an average price target of $117.42.

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.

Insider Buying and Selling by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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