LGT Capital Partners LTD. Cuts Position in The Estée Lauder Companies Inc. (NYSE:EL)

LGT Capital Partners LTD. lowered its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 56.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 308,792 shares of the company's stock after selling 395,754 shares during the period. LGT Capital Partners LTD. owned 0.09% of Estée Lauder Companies worth $30,783,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EL. Marshall Wace LLP increased its holdings in shares of Estée Lauder Companies by 3,065.6% in the 2nd 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 period. Van ECK Associates Corp increased 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 buying an additional 1,078,926 shares during the last quarter. Independent Franchise Partners LLP lifted its position in shares of Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company's stock worth $368,788,000 after buying an additional 1,066,320 shares during the last quarter. Swedbank AB acquired a new stake in shares of Estée Lauder Companies during the 1st quarter worth approximately $82,664,000. Finally, International Assets Investment Management LLC bought a new position in Estée Lauder Companies during the third quarter worth about $50,128,000. Institutional investors and hedge funds own 55.15% of the company's stock.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares of the company's stock, valued at $4,578,114. The trade was a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 15,209 shares of the company's stock, valued at $1,423,714.49. This trade represents a 20.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,296 shares of company stock worth $1,423,366. Corporate insiders own 12.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup lowered Estée Lauder Companies from a "buy" rating to a "neutral" rating and dropped their price target for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. Piper Sandler boosted their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. Bank of America lowered their price target 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. UBS Group decreased 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 report on Tuesday, August 20th. Finally, Royal Bank of Canada decreased their price objective 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. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies presently has an average rating of "Hold" and an average price target of $100.90.

Estée Lauder Companies Trading Up 0.0 %

Estée Lauder Companies stock traded up $0.01 during midday trading on Tuesday, reaching $64.58. The stock had a trading volume of 2,759,159 shares, compared to its average volume of 3,458,107. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The company has a fifty day moving average of $84.21 and a 200 day moving average of $99.84. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 115.34, a price-to-earnings-growth ratio of 3.85 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates 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 company 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 company earned $0.11 earnings per share. Estée Lauder Companies's quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.17%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies's dividend payout ratio is currently 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.