Cromwell Holdings LLC Lowers Position in The Estée Lauder Companies Inc. (NYSE:EL)

Cromwell Holdings LLC decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 19.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 616 shares of the company’s stock after selling 149 shares during the period. Cromwell Holdings LLC’s holdings in Estée Lauder Companies were worth $61,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its stake in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies during the second quarter worth $30,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies during the 2nd quarter valued at $32,000. Kimelman & Baird LLC purchased a new position in shares of Estée Lauder Companies in the 2nd quarter valued at $32,000. Finally, Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies in the 1st quarter worth $35,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EL shares. UBS Group dropped their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Hsbc Global Res cut shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Canaccord Genuity Group restated a “hold” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Finally, Morgan Stanley reduced their price target on Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Sixteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $116.91.

Insider Activity

In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Trading Down 1.6 %

NYSE EL opened at $87.23 on Friday. The Estée Lauder Companies Inc. has a 1 year low of $82.39 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market capitalization of $31.28 billion, a PE ratio of 49.01, a P/E/G ratio of 1.58 and a beta of 1.01. The company has a fifty day moving average of $91.45 and a 200 day moving average of $109.01.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. Research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.03%. Estée Lauder Companies’s payout ratio is 148.31%.

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.