Entropy Technologies LP Sells 14,609 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Entropy Technologies LP lessened its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 44.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,406 shares of the company's stock after selling 14,609 shares during the period. Entropy Technologies LP's holdings in Estée Lauder Companies were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EL. Vanguard Group Inc. raised its position in shares of Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company's stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the period. Van ECK Associates Corp lifted its position in Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company's stock worth $402,938,000 after acquiring an additional 1,078,926 shares during the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company's stock worth $368,788,000 after acquiring an additional 1,066,320 shares during the period. Clearbridge Investments LLC grew its position in shares of Estée Lauder Companies by 4.6% in the first quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company's stock valued at $487,612,000 after purchasing an additional 140,416 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Estée Lauder Companies by 3,065.6% in the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company's stock valued at $211,000,000 after purchasing an additional 1,920,439 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Bank of America dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an "overweight" rating in a report on Monday, September 30th. HSBC cut shares of Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $100.00 target price on the stock. in a report on Wednesday, October 16th. Royal Bank of Canada reduced their price target on Estée Lauder Companies from $131.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Citigroup cut Estée Lauder Companies from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Estée Lauder Companies presently has a consensus rating of "Hold" and a consensus price target of $100.90.

Estée Lauder Companies Trading Up 1.2 %

Shares of Estée Lauder Companies stock traded up $0.77 during midday trading on Wednesday, reaching $63.51. The company had a trading volume of 2,515,481 shares, compared to its average volume of 3,451,077. The firm has a market cap of $22.80 billion, a PE ratio of 113.46, a P/E/G ratio of 3.79 and a beta of 1.05. The stock has a fifty day moving average price of $86.23 and a 200 day moving average price of $101.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75.

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

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.20%. Estée Lauder Companies's dividend payout ratio is currently 471.43%.

Insiders Place Their Bets

In related news, Director Lynn Forester sold 3,890 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company's stock, valued at $1,423,714.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies 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 owns 49,800 shares of the company's stock, valued at $4,578,114. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by corporate insiders.

About Estée Lauder Companies

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.