The Estée Lauder Companies Inc. (NYSE:EL) Stake Raised by FORA Capital LLC

FORA Capital LLC raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 50.4% in the third quarter, Holdings Channel.com reports. The fund owned 98,882 shares of the company’s stock after acquiring an additional 33,136 shares during the period. Estée Lauder Companies comprises 1.2% of FORA Capital LLC’s portfolio, making the stock its 14th biggest holding. FORA Capital LLC’s holdings in Estée Lauder Companies were worth $9,858,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Armistice Capital LLC grew its holdings in shares of Estée Lauder Companies by 111.8% in the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after acquiring an additional 96,239 shares during the last quarter. ICICI Prudential Asset Management Co Ltd increased its stake in Estée Lauder Companies by 40.9% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company’s stock worth $11,067,000 after purchasing an additional 32,215 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares during the period. Marshall Wace LLP lifted its stake in Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Estée Lauder Companies in the second quarter worth about $6,043,000. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the acquisition, the director now directly owns 234,500 shares in the company, valued at $15,010,345. This represents a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, September 30th. JPMorgan Chase & Co. lowered Estée Lauder Companies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $113.00 to $74.00 in a report on Friday, November 1st. B. Riley decreased their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada reduced their price objective on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $98.57.

Estée Lauder Companies Stock Up 2.5 %

NYSE EL traded up $1.86 during trading on Wednesday, hitting $75.04. 881,045 shares of the company traded hands, compared to its average volume of 3,515,538. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The business has a fifty day simple moving average of $82.24 and a 200 day simple moving average of $97.22. The company has a market capitalization of $26.94 billion, a P/E ratio of 130.68, a PEG ratio of 4.73 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the company earned $0.11 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.87%. Estée Lauder Companies’s payout ratio is presently 471.43%.

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.