Joel Isaacson & Co. LLC Reduces Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Joel Isaacson & Co. LLC lowered its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,095 shares of the company's stock after selling 17,315 shares during the period. Joel Isaacson & Co. LLC's holdings in Estée Lauder Companies were worth $2,182,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Estée Lauder Companies by 9.5% during the third quarter. State Street Corp now owns 10,575,926 shares of the company's stock worth $1,054,314,000 after acquiring an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock worth $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Geode Capital Management LLC boosted its stake in Estée Lauder Companies by 1.5% in the 3rd 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 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 buying an additional 1,078,926 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company's stock valued at $292,510,000 after buying an additional 1,310,900 shares during the period. Institutional investors own 55.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Hsbc Global Res lowered shares of Estée Lauder Companies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 16th. CICC Research began coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a "market perform" rating and a $82.00 price objective on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and set a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Finally, Bank of America decreased their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.00.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg acquired 43,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company's stock, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares of the company's stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 196,700 shares of company stock valued at $12,762,093 in the last three months. Corporate insiders own 12.78% of the company's stock.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock traded down $1.67 during trading on Wednesday, reaching $69.04. 4,258,458 shares of the stock traded hands, compared to its average volume of 4,557,608. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.54. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.90. The business has a fifty day simple moving average of $76.44 and a two-hundred day simple moving average of $82.34. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of -35.41, a P/E/G ratio of 5.43 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.37 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.03%. Estée Lauder Companies's dividend payout ratio (DPR) is currently -71.79%.

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.