300 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Purchased by PARK CIRCLE Co

PARK CIRCLE Co purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 300 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EL. Riverview Trust Co purchased a new position in shares of Estée Lauder Companies in the 1st quarter worth $26,000. Hexagon Capital Partners LLC increased its stake in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Estée Lauder Companies in the 1st quarter worth about $35,000. Chilton Capital Management LLC lifted its stake in shares of Estée Lauder Companies by 163.0% in the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 0.1 %

Shares of NYSE:EL opened at $92.41 on Thursday. The Estée Lauder Companies Inc. has a 12-month low of $86.05 and a 12-month high of $163.22. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The firm has a market cap of $33.13 billion, a PE ratio of 51.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The company has a fifty day simple moving average of $97.50 and a 200 day simple moving average of $123.08.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.99 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Analyst Ratings Changes

EL has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Wells Fargo & Company cut their target price on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. StockNews.com raised shares of Estée Lauder Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. Finally, Evercore ISI reduced their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $122.77.

Insider Activity

In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. The disclosure for this sale can be found here. Company insiders own 12.77% 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.