EFG Asset Management Americas Corp. Acquires 3,729 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

EFG Asset Management Americas Corp. boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 69.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 9,110 shares of the company’s stock after purchasing an additional 3,729 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Estée Lauder Companies were worth $969,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. raised its holdings in shares of Estée Lauder Companies by 8.3% in the first quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company’s stock valued at $128,000 after purchasing an additional 68 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in Estée Lauder Companies by 34.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after buying an additional 75 shares during the last quarter. Haverford Trust Co lifted its position in shares of Estée Lauder Companies by 2.3% during the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after buying an additional 78 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Estée Lauder Companies by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock worth $62,000 after buying an additional 82 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Estée Lauder Companies by 11.9% in the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Activity at Estée Lauder Companies

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

Estée Lauder Companies Price Performance

EL stock traded down $2.57 during mid-day trading on Friday, hitting $87.50. 3,868,894 shares of the stock were exchanged, compared to its average volume of 3,087,757. The business has a fifty day moving average price of $96.71 and a 200 day moving average price of $122.45. The Estée Lauder Companies Inc. has a 12 month low of $86.05 and a 12 month high of $159.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The stock has a market capitalization of $31.37 billion, a price-to-earnings ratio of 49.15, a PEG ratio of 1.53 and a beta of 0.99.

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

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EL. Royal Bank of Canada reiterated an “outperform” rating and set a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. DA Davidson reiterated a “buy” rating and set a $130.00 target price on shares of Estée Lauder Companies in a research note on Tuesday. Morgan Stanley reduced their price target on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Wells Fargo & Company lowered their price objective on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Finally, Barclays reduced their target price on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $122.77.

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.