J. Stern & Co. LLP Raises Position in The Estée Lauder Companies Inc. (NYSE:EL)

J. Stern & Co. LLP lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 77.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,175 shares of the company’s stock after buying an additional 7,919 shares during the period. Estée Lauder Companies comprises 0.2% of J. Stern & Co. LLP’s portfolio, making the stock its 27th largest holding. J. Stern & Co. LLP’s holdings in Estée Lauder Companies were worth $1,812,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Estée Lauder Companies in the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Estée Lauder Companies in the 3rd quarter worth $31,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies in the second quarter worth $32,000. Kimelman & Baird LLC bought a new stake in shares of Estée Lauder Companies in the second quarter worth $32,000. Finally, Chilton Capital Management LLC lifted its holdings in Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul J. Fribourg purchased 77,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the transaction, the director now owns 234,500 shares of the company’s stock, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EL shares. JPMorgan Chase & Co. lowered shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $113.00 to $74.00 in a research report on Friday, November 1st. HSBC downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Wednesday, October 16th. Royal Bank of Canada decreased their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Morgan Stanley cut their price target on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $98.57.

Estée Lauder Companies Price Performance

Shares of NYSE:EL traded up $0.27 during midday trading on Tuesday, reaching $73.24. 444,519 shares of the company were exchanged, compared to its average volume of 3,509,248. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The stock has a market cap of $26.29 billion, a PE ratio of 130.30, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The business’s fifty day moving average is $82.54 and its two-hundred day moving average is $97.63. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is 471.43%.

Estée Lauder Companies Company 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, and powders, as well as compacts, brushes, and other makeup tools.