The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 70.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,214 shares of the company’s stock after selling 7,596 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Estée Lauder Companies were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

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

Estée Lauder Companies Price Performance

Shares of EL opened at $78.19 on Wednesday. The firm has a 50-day simple moving average of $77.60 and a two-hundred day simple moving average of $91.81. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The stock has a market cap of $28.07 billion, a PE ratio of 139.63, a P/E/G ratio of 5.33 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.46 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.79%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EL shares. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Telsey Advisory Group restated a “market perform” rating and set a $105.00 price target on shares of Estée Lauder Companies in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Morgan Stanley reduced their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $98.57.

Insiders Place Their Bets

In related news, CEO Fabrizio Freda sold 10,969 shares of the business’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 transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 75,500 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price 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 in the company, 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.

About Estée Lauder Companies

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.