Advisors Asset Management Inc. Purchases 11,934 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Advisors Asset Management Inc. increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 53.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,094 shares of the company’s stock after purchasing an additional 11,934 shares during the period. Advisors Asset Management Inc.’s holdings in Estée Lauder Companies were worth $3,399,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Estée Lauder Companies by 19.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,942 shares of the company’s stock worth $1,687,000 after acquiring an additional 1,755 shares during the period. BOKF NA raised its position in shares of Estée Lauder Companies by 828.4% during the first quarter. BOKF NA now owns 17,491 shares of the company’s stock valued at $2,659,000 after buying an additional 15,607 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Estée Lauder Companies by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 367,218 shares of the company’s stock valued at $56,608,000 after buying an additional 5,915 shares during the last quarter. London & Capital Asset Management Ltd lifted its holdings in shares of Estée Lauder Companies by 16.5% in the first quarter. London & Capital Asset Management Ltd now owns 72,478 shares of the company’s stock worth $11,172,000 after buying an additional 10,275 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of Estée Lauder Companies by 10.9% during the first quarter. Silvercrest Asset Management Group LLC now owns 24,303 shares of the company’s stock worth $3,746,000 after acquiring an additional 2,395 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Activity

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction 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 sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Trading Up 4.6 %

Shares of EL opened at $69.93 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 124.88, a PEG ratio of 3.91 and a beta of 1.05. The company has a 50-day moving average of $82.78 and a 200 day moving average of $98.48. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, research analysts expect that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is 250.00%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Evercore ISI reduced their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada cut their target price on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.57.

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, and powders, as well as compacts, brushes, and other makeup tools.