Today, Estee Lauder Companies Inc. (EL) to Issue Quarterly Dividend of $0.34 on December 15th

Today, Estee Lauder Companies Inc. (EL) to Issue Quarterly Dividend of $0.34 on  December 15th

Estee Lauder Companies Inc. (NYSE:EL) announced a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Wednesday, November 30th will be given a dividend of 0.34 per share on Thursday, December 15th. This represents a $1.36 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, November 28th. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.30.

Shares of Estee Lauder Companies (NYSE:EL) opened at 78.65 on Friday. The company has a market capitalization of $28.82 billion, a PE ratio of 26.85 and a beta of 0.87. The firm’s 50-day moving average price is $82.98 and its 200 day moving average price is $89.25. Estee Lauder Companies has a 52-week low of $76.65 and a 52-week high of $97.48.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The firm earned $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that Estee Lauder Companies will post $3.42 earnings per share for the current year.

A number of brokerages recently commented on EL. B. Riley reaffirmed a “neutral” rating and issued a $94.00 price target on shares of Estee Lauder Companies in a report on Tuesday, August 23rd. Berenberg Bank initiated coverage on shares of Estee Lauder Companies in a research report on Friday, September 9th. They issued a “buy” rating and a $105.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective on shares of Estee Lauder Companies in a research report on Friday, August 19th. Piper Jaffray Cos. increased their price objective on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Finally, lowered shares of Estee Lauder Companies from a “buy” rating to an “underperform” rating in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $100.03.

In other news, Chairman Ronald S. Lauder sold 500,000 shares of Estee Lauder Companies stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $88.91, for a total transaction of $44,455,000.00. Following the completion of the sale, the chairman now directly owns 608,500 shares in the company, valued at $54,101,735. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cedric Prouve sold 82,608 shares of Estee Lauder Companies stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $88.97, for a total transaction of $7,349,633.76. Following the sale, the insider now owns 277,578 shares of the company’s stock, valued at $24,696,114.66. The disclosure for this sale can be found here. 16.98% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Public Sector Pension Investment Board increased its stake in Estee Lauder Companies by 17.5% in the second quarter. Public Sector Pension Investment Board now owns 42,203 shares of the company’s stock valued at $3,841,000 after buying an additional 6,300 shares during the last quarter. AXA increased its stake in Estee Lauder Companies by 1.2% in the second quarter. AXA now owns 115,597 shares of the company’s stock valued at $10,521,000 after buying an additional 1,400 shares during the last quarter. Advisor Partners LLC increased its stake in Estee Lauder Companies by 11.1% in the second quarter. Advisor Partners LLC now owns 2,505 shares of the company’s stock valued at $228,000 after buying an additional 250 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Estee Lauder Companies by 0.9% in the second quarter. Commonwealth Bank of Australia now owns 20,337 shares of the company’s stock valued at $1,850,000 after buying an additional 188 shares during the last quarter. Finally, Tredje AP fonden increased its stake in Estee Lauder Companies by 10.1% in the second quarter. Tredje AP fonden now owns 23,432 shares of the company’s stock valued at $2,133,000 after buying an additional 2,144 shares during the last quarter. Institutional investors and hedge funds own 54.65% of the company’s stock.

Estee Lauder Companies Company Profile

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