BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 153,447 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 79.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,875 shares of the company's stock after selling 153,447 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Estée Lauder Companies were worth $3,875,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies in the second quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Estée Lauder Companies in the 3rd quarter worth approximately $31,000. PARK CIRCLE Co purchased a new stake in Estée Lauder Companies in the second quarter valued at approximately $32,000. Kimelman & Baird LLC purchased a new position in Estée Lauder Companies during the second quarter worth approximately $32,000. Finally, Chilton Capital Management LLC lifted 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 buying an additional 168 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EL shares. Piper Sandler increased their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the company an "overweight" rating in a report on Monday, September 30th. DA Davidson reaffirmed a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. The Goldman Sachs Group reduced their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. UBS Group cut their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a "neutral" rating for the company in a research report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 report on Monday, November 4th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.57.

Estée Lauder Companies Price Performance

EL traded up $1.83 during trading on Wednesday, reaching $79.31. 5,697,684 shares of the company traded hands, compared to its average volume of 3,563,114. The company has a market cap of $28.47 billion, a P/E ratio of 141.63, a PEG ratio of 4.92 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. 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 firm has a fifty day simple moving average of $80.68 and a 200 day simple moving average of $94.96.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies's dividend payout ratio (DPR) is 250.00%.

Insider Buying and Selling at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction 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 sale, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul J. Fribourg purchased 75,500 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $64.93 per share, with a total value 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. The trade was a 32.20 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

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.