Cornercap Investment Counsel Inc. Invests $848,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Cornercap Investment Counsel Inc. bought a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,510 shares of the company's stock, valued at approximately $848,000.

Several other large investors have also recently bought and sold shares of EL. Empowered Funds LLC lifted its stake in shares of Estée Lauder Companies by 26.5% in the first quarter. Empowered Funds LLC now owns 2,775 shares of the company's stock valued at $428,000 after buying an additional 582 shares during the period. Sei Investments Co. grew its holdings in shares of Estée Lauder Companies by 20.3% during the 1st quarter. Sei Investments Co. now owns 90,931 shares of the company's stock worth $14,017,000 after purchasing an additional 15,348 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Estée Lauder Companies by 4.6% in the first quarter. Avantax Advisory Services Inc. now owns 3,643 shares of the company's stock valued at $562,000 after purchasing an additional 160 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in Estée Lauder Companies by 6.4% in the first quarter. Orion Portfolio Solutions LLC now owns 5,779 shares of the company's stock worth $891,000 after purchasing an additional 347 shares during the period. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Estée Lauder Companies during the first quarter worth $218,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EL has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Estée Lauder Companies from $136.00 to $117.00 and set an "equal weight" rating for the company in a report on Friday, July 19th. Piper Sandler upped their price objective on Estée Lauder Companies from $114.00 to $122.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Evercore ISI cut their target price on 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. HSBC lowered shares of Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $100.00 price target on the stock. in a research report on Wednesday, October 16th. Finally, Hsbc Global Res cut shares of Estée Lauder Companies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 16th. Nineteen 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, the company presently has an average rating of "Hold" and an average target price of $100.90.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company's stock, valued at approximately $4,578,114. The trade was a 6.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,296 shares of company stock worth $1,423,366. Corporate insiders own 12.78% of the company's stock.

Estée Lauder Companies Trading Down 1.7 %

Shares of NYSE:EL traded down $1.08 during mid-day trading on Friday, reaching $63.75. 3,615,408 shares of the company's stock were exchanged, compared to its average volume of 3,462,030. The firm has a market capitalization of $22.88 billion, a price-to-earnings ratio of 113.68, a PEG ratio of 3.80 and a beta of 1.05. 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 twelve month low of $62.29 and a twelve month high of $159.75. The business's fifty day moving average price is $85.13 and its 200-day moving average price is $101.42.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the company posted $0.11 EPS. The business's quarterly revenue was down 4.5% on a year-over-year basis. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.59 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given 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 payout ratio is 471.43%.

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.