Edgestream Partners L.P. Grows Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Edgestream Partners L.P. raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 128.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,292 shares of the company’s stock after purchasing an additional 8,610 shares during the quarter. Edgestream Partners L.P.’s holdings in Estée Lauder Companies were worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 purchasing an additional 2,533,006 shares during the period. Van ECK Associates Corp raised its position in Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after purchasing an additional 1,078,926 shares during the period. Independent Franchise Partners LLP lifted its position in Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after acquiring an additional 1,066,320 shares in the last quarter. Marshall Wace LLP lifted its position in shares of 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 worth $211,000,000 after purchasing an additional 1,920,439 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Estée Lauder Companies by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,338,581 shares of the company’s stock valued at $133,443,000 after buying an additional 35,364 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Up 1.9 %

Shares of NYSE:EL opened at $77.45 on Wednesday. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a market cap of $27.80 billion, a P/E ratio of 138.30, a P/E/G ratio of 4.92 and a beta of 1.05. The business has a fifty day simple moving average of $80.93 and a 200 day simple moving average of $95.07.

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, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for 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%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. Analysts predict that The Estée Lauder Companies Inc. will post 1.48 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. Stockholders of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 250.00%.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the business’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. This represents a 32.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EL. Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 price target on shares of Estée Lauder Companies in a research note on Thursday, October 31st. UBS Group lowered their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Piper Sandler raised their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Citigroup lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.57.

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.