Quarry LP Makes New Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Quarry LP acquired a new stake in The Estée Lauder Companies Inc. ( NYSE:EL – Free Report ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,433 shares of the company’s stock, valued at approximately $259,000.

A number of other large investors have also bought and sold shares of the company. Marshall Wace LLP grew its stake in shares of Estée Lauder Companies by 3,065.6% during the 2nd quarter.



Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares during the period. Jennison Associates LLC purchased a new position in shares of Estée Lauder Companies during the first quarter worth about $291,171,000. Vanguard Group Inc.

increased its position in shares of Estée Lauder Companies by 6.4% in the first 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 last quarter. Carmignac Gestion raised its stake in Estée Lauder Companies by 1,908.0% in the fourth quarter.

Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after purchasing an additional 1,136,201 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its position in Estée Lauder Companies by 44.4% during the second quarter.

Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after purchasing an additional 1,066,320 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In A number of analysts have recently issued reports on the stock. Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $140.

00 to $100.00 in a research note on Friday, August 16th. Barclays reduced their price objective on Estée Lauder Companies from $136.

00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. StockNews.

com downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, DA Davidson reissued a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, September 24th.

Fourteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $120.27.

Estée Lauder Companies Stock Down 0.9 % Shares of Estée Lauder Companies stock opened at $99.87 on Monday.

The company’s fifty day simple moving average is $92.36 and its two-hundred day simple moving average is $115.71.

The company has a market cap of $35.81 billion, a P/E ratio of 56.11, a PEG ratio of 1.

46 and a beta of 1.00. 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 12-month low of $82.39 and a 12-month high of $159.

75. Estée Lauder Companies ( NYSE:EL – Get Free Report ) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.

64 EPS for the quarter, topping the consensus estimate of $0.25 by $0.39.

Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%.

The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion.

During the same period last year, the business posted $0.07 earnings per share. Estée Lauder Companies’s quarterly revenue was up 7.

3% compared to the same quarter last year. Research analysts anticipate that The Estée Lauder Companies Inc. will post 2.

97 EPS for the current year. Estée Lauder Companies Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.

66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.

64 dividend on an annualized basis and a yield of 2.64%. Estée Lauder Companies’s dividend payout ratio (DPR) is 148.

31%. Insider Buying and Selling at Estée Lauder Companies In related news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction dated 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 of the company’s stock, valued at approximately $4,578,114.

The sale was disclosed in a filing with the SEC, which is available at this hyperlink . In related news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.

93, for a total value of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114.

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.

61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.

49. The disclosure for this sale can be found here . Insiders own 12.

77% of the company’s stock. Estée Lauder Companies Profile ( Free Report ) 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.

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