Joel Isaacson & Co. LLC Trims Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Joel Isaacson & Co. LLC lessened its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 37.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,095 shares of the company’s stock after selling 17,315 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Estée Lauder Companies were worth $2,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EL. State Street Corp lifted its holdings in shares of Estée Lauder Companies by 9.5% in the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after buying an additional 913,470 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Estée Lauder Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after purchasing an additional 70,307 shares during the period. Van ECK Associates Corp increased its holdings in shares of Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after purchasing an additional 1,078,926 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Estée Lauder Companies by 80.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after purchasing an additional 1,310,900 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $65.09 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.54. The firm has a market cap of $23.36 billion, a PE ratio of 116.23, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03. The company’s 50 day moving average is $76.86 and its two-hundred day moving average is $83.26.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts expect that The Estée Lauder Companies Inc. will post 1.5 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 250.00%.

Analyst Ratings Changes

EL has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Wednesday. Stifel Nicolaus lowered their price target on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Wednesday. CICC Research began coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and an average price target of $86.00.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 43,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 196,700 shares of company stock worth $12,762,093 over the last 90 days. 12.78% of the stock is owned by insiders.

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, and powders, as well as compacts, brushes, and other makeup tools.