The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by S&CO Inc.

S&CO Inc. raised its position in The Estée Lauder Companies Inc. (NYSE:EL) by 71.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 58,689 shares of the company’s stock after acquiring an additional 24,414 shares during the quarter. S&CO Inc.’s holdings in Estée Lauder Companies were worth $5,850,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EL. Empowered Funds LLC grew its position in Estée Lauder Companies by 26.5% in the 1st quarter. Empowered Funds LLC now owns 2,775 shares of the company’s stock valued at $428,000 after acquiring an additional 582 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Estée Lauder Companies by 4.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,643 shares of the company’s stock valued at $562,000 after buying an additional 160 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Estée Lauder Companies by 6.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 5,779 shares of the company’s stock valued at $891,000 after buying an additional 347 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Estée Lauder Companies in the 1st quarter valued at about $218,000. Finally, Vanguard Group Inc. boosted its stake in shares of Estée Lauder Companies by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after buying an additional 1,250,555 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’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 transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 6.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value 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 approximately $1,423,714.49. This trade represents a 20.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by corporate insiders.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $63.75 on Friday. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year 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. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of 113.84, a P/E/G ratio of 3.85 and a beta of 1.05. The stock’s fifty day simple moving average is $84.66 and its 200-day simple moving average is $100.53.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating 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 firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.20%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Thursday, October 31st. Morgan Stanley decreased 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 note on Friday, November 1st. Piper Sandler boosted their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $100.90.

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.