State Street Corp Grows Position in The Estée Lauder Companies Inc. (NYSE:EL)

State Street Corp lifted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 9.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,575,926 shares of the company’s stock after buying an additional 913,470 shares during the period. State Street Corp owned approximately 2.95% of Estée Lauder Companies worth $1,054,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EL. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies during the second quarter worth about $30,000. PARK CIRCLE Co purchased a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $32,000. Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies during the 3rd quarter valued at approximately $31,000. Finally, Chilton Capital Management LLC raised its position in shares of Estée Lauder Companies by 63.9% during the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 168 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Up 1.5 %

Shares of NYSE:EL opened at $79.32 on Friday. The company has a market cap of $28.47 billion, a PE ratio of 141.64, a P/E/G ratio of 5.14 and a beta of 1.05. The company’s 50 day moving average is $79.82 and its two-hundred day moving average is $94.22. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75. 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 released its quarterly earnings data 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. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the firm posted $0.11 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts predict that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.77%. Estée Lauder Companies’s payout ratio is currently 250.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EL shares. The Goldman Sachs Group reduced their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Telsey Advisory Group restated a “market perform” rating and issued a $105.00 price objective on shares of Estée Lauder Companies in a report on Thursday, October 31st. StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. TD Cowen dropped their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, DA Davidson restated a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, November 20th. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $98.57.

Insider Activity

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

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.