The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 115.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,468 shares of the company’s stock after purchasing an additional 1,859 shares during the period. Larson Financial Group LLC’s holdings in Estée Lauder Companies were worth $346,000 as of its most recent filing with the SEC.

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

Estée Lauder Companies Trading Up 0.3 %

Shares of EL stock opened at $73.18 on Wednesday. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The firm’s 50-day simple moving average is $82.24 and its 200-day simple moving average is $97.22. The firm has a market cap of $26.27 billion, a P/E ratio of 130.68, a PEG ratio of 4.22 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm posted $0.11 earnings per share. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. As a group, equities analysts forecast 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. Shareholders 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 yield of 1.91%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 250.00%.

Insiders Place Their Bets

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were 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 directly owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the purchase, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, November 20th. StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Canaccord Genuity Group reduced their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a report on Friday, November 1st. UBS Group lowered their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Finally, Evercore ISI cut their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Nineteen equities 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.com, Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus target price 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.