Intact Investment Management Inc. Acquires 8,570 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Intact Investment Management Inc. grew its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 55.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,970 shares of the company's stock after purchasing an additional 8,570 shares during the period. Intact Investment Management Inc.'s holdings in Estée Lauder Companies were worth $2,550,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Riverview Trust Co acquired a new position in Estée Lauder Companies during the first quarter valued at $26,000. Hexagon Capital Partners LLC grew its holdings in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company's stock worth $30,000 after acquiring an additional 99 shares during the period. Crewe Advisors LLC purchased a new position in Estée Lauder Companies during the first quarter valued at approximately $35,000. Chilton Capital Management LLC lifted its holdings in Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company's stock valued at $41,000 after acquiring an additional 163 shares during the period. Finally, Larson Financial Group LLC boosted its position in Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company's stock worth $41,000 after purchasing an additional 261 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company's stock, valued at $1,423,714.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the firm's 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 sale, the director now owns 15,209 shares of the company's stock, valued at $1,423,714.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares of the company's stock, valued at approximately $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Estée Lauder Companies Stock Up 1.9 %

Estée Lauder Companies stock traded up $1.74 during mid-day trading on Friday, reaching $91.66. 2,653,517 shares of the company's stock were exchanged, compared to its average volume of 3,071,413. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The Estée Lauder Companies Inc. has a twelve month low of $86.05 and a twelve month high of $165.76. The company has a market cap of $32.87 billion, a P/E ratio of 51.49, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a fifty day moving average of $98.81 and a 200-day moving average of $124.31.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.80 billion. During the same period last year, the firm earned $0.07 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.21 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 2.88%. Estée Lauder Companies's dividend payout ratio (DPR) is 148.31%.

Analyst Ratings Changes

EL has been the subject of several analyst reports. UBS Group decreased their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a "neutral" rating for the company in a research note on Tuesday, August 20th. JPMorgan Chase & Co. decreased their price objective on shares of Estée Lauder Companies from $129.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, August 20th. Evercore ISI dropped their target price on Estée Lauder Companies from $180.00 to $130.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 20th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $115.00 price target on shares of Estée Lauder Companies in a report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Estée Lauder Companies from $108.00 to $105.00 and set a "hold" rating on the stock in a report on Tuesday, August 20th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of "Hold" and a consensus target price of $122.77.

Estée Lauder Companies 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.