Wellington Management Group LLP Has $316.16 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Wellington Management Group LLP reduced its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 58.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,171,441 shares of the company’s stock after selling 4,411,578 shares during the period. Wellington Management Group LLP’s holdings in Estée Lauder Companies were worth $316,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Armistice Capital LLC lifted its position in shares of Estée Lauder Companies by 111.8% during the 2nd 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. Massachusetts Financial Services Co. MA raised its position in 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 last quarter. Paloma Partners Management Co raised its position in Estée Lauder Companies by 729.4% in the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock valued at $4,735,000 after purchasing an additional 41,773 shares during the last quarter. ICICI Prudential Asset Management Co Ltd raised its position in Estée Lauder Companies by 40.9% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company’s stock valued at $11,067,000 after purchasing an additional 32,215 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Estée Lauder Companies in the second quarter valued at about $6,043,000. 55.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg acquired 75,500 shares of Estée Lauder Companies stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now directly owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Trading Up 1.5 %

NYSE EL opened at $79.32 on Friday. The business has a 50 day simple moving average of $79.82 and a 200 day simple moving average of $94.22. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The stock has a market capitalization of $28.47 billion, a P/E ratio of 141.64, a P/E/G ratio of 5.14 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 released its earnings results on Thursday, October 31st. The company reported $0.14 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 quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. Research analysts expect that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on EL. Morgan Stanley dropped their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Canaccord Genuity Group dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Hsbc Global Res downgraded Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. StockNews.com downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, UBS Group dropped their target price on 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. 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.com, the company currently 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.