Qsemble Capital Management LP lessened its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 36.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,975 shares of the company's stock after selling 13,100 shares during the quarter. Qsemble Capital Management LP's holdings in Estée Lauder Companies were worth $2,290,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake 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 valued at $570,600,000 after acquiring an additional 2,533,006 shares in the last quarter. Marshall Wace LLP grew its position in Estée Lauder Companies by 3,065.6% during 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 in the last quarter. Van ECK Associates Corp grew 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 valued at $402,938,000 after purchasing an additional 1,078,926 shares in the last quarter. Independent Franchise Partners LLP increased its stake in Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company's stock valued at $368,788,000 after buying an additional 1,066,320 shares during the period. Finally, Nuance Investments LLC lifted its position in Estée Lauder Companies by 1,127.5% in the 3rd quarter. Nuance Investments LLC now owns 1,059,080 shares of the company's stock worth $105,580,000 after buying an additional 972,799 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.
Estée Lauder Companies Stock Performance
Shares of EL traded up $0.21 during mid-day trading on Tuesday, hitting $73.18. The company's stock had a trading volume of 4,797,970 shares, compared to its average volume of 3,527,215. The stock's 50-day moving average is $82.24 and its two-hundred day moving average is $97.22. The firm has a market capitalization of $26.27 billion, a PE ratio of 130.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the firm earned $0.11 EPS. The business's revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.
Estée Lauder Companies Cuts Dividend
The company also recently declared 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 is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.91%. Estée Lauder Companies's dividend payout ratio is 471.43%.
Analyst Ratings Changes
A number of research firms have recently weighed in on EL. Royal Bank of Canada dropped their price target 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. B. Riley dropped their target price on Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. HSBC lowered Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $100.00 price target for the company. in a report on Wednesday, October 16th. StockNews.com downgraded Estée Lauder Companies from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. Finally, Citigroup cut shares of Estée Lauder Companies from a "buy" rating to a "neutral" rating and reduced their target price for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $98.57.
View Our Latest Stock Analysis on EL
Insider Buying and Selling at Estée Lauder Companies
In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company's stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company's stock.
About Estée Lauder Companies
(
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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