16,256 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,256 shares of the company's stock, valued at approximately $1,621,000.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp lifted its holdings in shares of Estée Lauder Companies by 9.5% in the third 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 lifted its stake 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 acquiring an additional 2,533,006 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Estée Lauder Companies by 1.5% during the third 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 grew 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 acquiring an additional 1,078,926 shares in the last quarter. Finally, Independent Franchise Partners LLP increased its position in Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company's stock worth $368,788,000 after purchasing an additional 1,066,320 shares during the last quarter. Institutional investors own 55.15% of the company's stock.

Insider Activity

In other news, CEO Fabrizio Freda sold 10,969 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg bought 75,500 shares of the business's stock in a transaction on Monday, November 18th. The stock was bought at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now directly owns 310,000 shares of the company's stock, valued at approximately $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EL. HSBC cut Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a research report on Wednesday, October 16th. Wells Fargo & Company downgraded Estée Lauder Companies from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $105.00 to $72.00 in a report on Thursday, October 31st. 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. Bank of America reduced their price target on Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Finally, DA Davidson reissued a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of "Hold" and an average price target of $98.57.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock traded down $0.98 on Friday, hitting $80.04. The stock had a trading volume of 2,842,835 shares, compared to its average volume of 3,580,416. 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 business's 50 day moving average is $78.25 and its two-hundred day moving average is $92.85. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The stock has a market cap of $28.73 billion, a price-to-earnings ratio of 142.93, a price-to-earnings-growth ratio of 5.33 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the company posted $0.11 earnings per share. Estée Lauder Companies's revenue was down 4.5% compared to the same quarter last year. Analysts forecast that The Estée Lauder Companies Inc. will post 1.46 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.75%. Estée Lauder Companies's dividend payout ratio is presently 250.00%.

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.