The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 58.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,171,441 shares of the company's stock after selling 4,411,578 shares during the period. Wellington Management Group LLP owned approximately 0.88% of Estée Lauder Companies worth $316,161,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the second quarter worth about $30,000. Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies in the 3rd quarter valued at approximately $31,000. PARK CIRCLE Co acquired a new stake in Estée Lauder Companies during the 2nd quarter valued at $32,000. Kimelman & Baird LLC purchased a new position in Estée Lauder Companies during the second quarter worth $32,000. Finally, Chilton Capital Management LLC raised its holdings in shares of Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company's stock worth $46,000 after acquiring an additional 168 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. This represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Fribourg purchased 77,500 shares of the company's stock in a transaction on Friday, November 15th. The stock was purchased at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the purchase, the director now directly owns 234,500 shares of the company's stock, valued at $15,010,345. This trade represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

EL has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Piper Sandler increased their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Evercore ISI lowered their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an "outperform" rating for the company in a research report on Tuesday, August 20th. Stifel Nicolaus lowered Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Thursday, October 31st. Finally, Hsbc Global Res lowered Estée Lauder Companies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 16th. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies has a consensus rating of "Hold" and a consensus target price of $98.57.

Estée Lauder Companies Stock Up 1.5 %

Shares of NYSE:EL traded up $1.15 during midday trading on Friday, reaching $79.32. The company had a trading volume of 4,895,199 shares, compared to its average volume of 5,047,895. The stock has a market capitalization of $28.47 billion, a P/E ratio of 141.64, a PEG ratio of 5.14 and a beta of 1.05. The stock's fifty day moving average price is $79.82 and its 200-day moving average price is $94.22. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. 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 posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS 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 business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the firm earned $0.11 earnings per share. The company's revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts expect that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed 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 1.77%. 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.