Hohimer Wealth Management LLC Makes New $696,000 Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Hohimer Wealth Management LLC purchased a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,983 shares of the company's stock, valued at approximately $696,000.

A number of other large investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in shares of Estée Lauder Companies in the second quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the 3rd quarter valued at about $31,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies in the 2nd quarter valued at about $32,000. Kimelman & Baird LLC purchased a new stake in Estée Lauder Companies during the second quarter valued at about $32,000. Finally, Chilton Capital Management LLC boosted its position in Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company's stock worth $46,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Trading Down 1.6 %

EL traded down $1.36 on Wednesday, hitting $81.22. 4,458,817 shares of the company were exchanged, compared to its average volume of 3,584,278. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The firm has a fifty day simple moving average of $79.17 and a two-hundred day simple moving average of $93.34. The stock has a market capitalization of $29.16 billion, a PE ratio of 145.54, a price-to-earnings-growth ratio of 5.14 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm 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. This represents a $1.40 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies's dividend payout ratio (DPR) is currently 250.00%.

Analyst Upgrades and Downgrades

EL has been the topic of a number of recent research reports. Bank of America dropped their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. StockNews.com downgraded shares of Estée Lauder Companies from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Estée Lauder Companies from $98.00 to $75.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Royal Bank of Canada lowered their target price on shares of Estée Lauder Companies from $131.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, Evercore ISI reduced their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an "outperform" rating for the company in a research report on Tuesday, August 20th. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $98.57.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction on Friday, November 15th. The shares were purchased at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the acquisition, the director now owns 234,500 shares of the company's stock, valued at approximately $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the chief executive officer now owns 295,838 shares of the company's stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% 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, and powders, as well as compacts, brushes, and other makeup tools.