Markel Group Inc. bought a new position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 14,000 shares of the company's stock, valued at approximately $1,396,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company's stock worth $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Van ECK Associates Corp increased its position in shares of 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 worth $402,938,000 after purchasing an additional 1,078,926 shares during the last quarter. Independent Franchise Partners LLP increased 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 purchasing an additional 1,066,320 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Estée Lauder Companies by 4.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company's stock worth $487,612,000 after purchasing an additional 140,416 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company's stock worth $211,000,000 after purchasing an additional 1,920,439 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Canaccord Genuity Group lowered their target price on Estée Lauder Companies from $100.00 to $75.00 and set a "hold" rating for the company in a report on Friday, November 1st. B. Riley lowered their target price on Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Bank of America lowered 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. Evercore ISI lowered their target price on Estée Lauder Companies from $180.00 to $130.00 and set an "outperform" rating for the company in a report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $100.90.
Get Our Latest Report on Estée Lauder Companies
Insiders Place Their Bets
In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Fabrizio Freda sold 10,969 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by corporate insiders.
Estée Lauder Companies Price Performance
EL stock traded down $2.41 on Friday, reaching $63.90. 5,676,920 shares of the company's stock were exchanged, compared to its average volume of 5,324,425. The stock has a fifty day moving average of $87.37 and a 200-day moving average of $103.74. The Estée Lauder Companies Inc. has a twelve month low of $62.88 and a twelve month high of $159.75. The firm has a market cap of $22.94 billion, a PE ratio of 114.11, a P/E/G ratio of 3.82 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. Estée Lauder Companies's quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.59 EPS 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. Shareholders 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 dividend on an annualized basis and a yield of 2.19%. Estée Lauder Companies's payout ratio is 250.00%.
Estée Lauder Companies Company Profile
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Free Report)
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.
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