Two Sigma Advisers LP Has $292.51 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Two Sigma Advisers LP raised its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 80.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,934,200 shares of the company's stock after buying an additional 1,310,900 shares during the period. Two Sigma Advisers LP owned approximately 0.82% of Estée Lauder Companies worth $292,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aptus Capital Advisors LLC boosted its position in shares of Estée Lauder Companies by 6.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company's stock valued at $228,000 after purchasing an additional 127 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock worth $64,000 after buying an additional 151 shares in the last quarter. Horizon Bancorp Inc. IN grew its position in Estée Lauder Companies by 22.3% in the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company's stock worth $90,000 after buying an additional 154 shares during the last quarter. City Holding Co. increased its holdings in shares of Estée Lauder Companies by 2.1% in the second quarter. City Holding Co. now owns 7,950 shares of the company's stock valued at $846,000 after buying an additional 165 shares in the last quarter. Finally, Chilton Capital Management LLC boosted its stake in shares of Estée Lauder Companies by 63.9% during the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company's stock worth $46,000 after acquiring an additional 168 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now directly owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% of the company's stock.

Estée Lauder Companies Price Performance

Shares of EL stock traded up $1.25 during trading hours on Friday, hitting $79.42. The company had a trading volume of 3,456,929 shares, compared to its average volume of 3,564,918. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. 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 firm's fifty day moving average is $80.23 and its 200 day moving average is $94.85. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 139.59, a PEG ratio of 5.02 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.76%. Estée Lauder Companies's dividend payout ratio is 250.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EL. The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, November 1st. TD Cowen lowered their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. UBS Group cut their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 20th. StockNews.com cut Estée Lauder Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, October 1st. Finally, 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 report on Thursday, October 31st. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $98.57.

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.