The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd lifted its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 40.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,012 shares of the company's stock after buying an additional 32,215 shares during the quarter. Estée Lauder Companies makes up about 1.2% of ICICI Prudential Asset Management Co Ltd's portfolio, making the stock its 15th biggest position. ICICI Prudential Asset Management Co Ltd's holdings in Estée Lauder Companies were worth $11,067,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Haverford Trust Co increased its position in shares of Estée Lauder Companies by 48.5% during the third quarter. Haverford Trust Co now owns 4,765 shares of the company's stock worth $475,000 after acquiring an additional 1,557 shares during the period. Victory Capital Management Inc. increased its holdings in Estée Lauder Companies by 97.8% during the 3rd quarter. Victory Capital Management Inc. now owns 160,344 shares of the company's stock worth $15,985,000 after purchasing an additional 79,278 shares during the period. Missouri Trust & Investment Co increased its holdings in Estée Lauder Companies by 28.5% during the 3rd quarter. Missouri Trust & Investment Co now owns 14,850 shares of the company's stock worth $1,480,000 after purchasing an additional 3,290 shares during the period. Aigen Investment Management LP raised its position in Estée Lauder Companies by 31.5% during the 3rd quarter. Aigen Investment Management LP now owns 17,402 shares of the company's stock valued at $1,735,000 after purchasing an additional 4,168 shares in the last quarter. Finally, Winslow Asset Management Inc. grew its position in shares of Estée Lauder Companies by 0.9% during the 3rd quarter. Winslow Asset Management Inc. now owns 53,433 shares of the company's stock worth $5,327,000 after buying an additional 501 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Insider Activity at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Estée Lauder Companies news, 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 transaction of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,296 shares of company stock worth $1,423,366 in the last three months. Company insiders own 12.78% of the company's stock.

Analysts Set New Price Targets

EL has been the subject of a number of research reports. Canaccord Genuity Group lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Hsbc Global Res cut shares of Estée Lauder Companies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 16th. UBS Group cut their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a "neutral" rating on the stock in a report on Tuesday, August 20th. The Goldman Sachs Group 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. Finally, Piper Sandler lifted their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $100.90.

Estée Lauder Companies Stock Performance

NYSE EL traded up $0.12 during trading hours on Wednesday, reaching $62.86. The stock had a trading volume of 4,185,319 shares, compared to its average volume of 3,458,828. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The stock has a fifty day moving average of $86.23 and a 200 day moving average of $101.95. 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 stock has a market cap of $22.57 billion, a P/E ratio of 112.25, a price-to-earnings-growth ratio of 3.79 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released 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 net margin of 1.31% and a return on equity of 17.31%. 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 business earned $0.11 earnings per share. The business's quarterly revenue was down 4.5% compared to the same quarter last year. Sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current 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 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies's dividend payout ratio (DPR) is 250.00%.

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.