Worldquant Millennium Advisors LLC raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 695.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,123,427 shares of the company's stock after purchasing an additional 982,183 shares during the quarter. Estée Lauder Companies makes up 0.8% of Worldquant Millennium Advisors LLC's holdings, making the stock its 27th biggest position. Worldquant Millennium Advisors LLC owned about 0.31% of Estée Lauder Companies worth $111,994,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Armistice Capital LLC lifted its stake in shares of Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company's stock worth $19,398,000 after buying an additional 96,239 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock valued at $570,600,000 after purchasing an additional 2,533,006 shares during the last quarter. Paloma Partners Management Co increased its stake in shares of Estée Lauder Companies by 729.4% during the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company's stock worth $4,735,000 after purchasing an additional 41,773 shares during the period. ICICI Prudential Asset Management Co Ltd lifted its holdings in Estée Lauder Companies by 40.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company's stock worth $11,067,000 after purchasing an additional 32,215 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Estée Lauder Companies in the 2nd quarter valued at $6,043,000. 55.15% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg purchased 75,500 shares of the company's stock in a transaction dated Monday, November 18th. The stock was purchased 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 approximately $20,128,300. This trade represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
EL has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Estée Lauder Companies from $98.00 to $75.00 and set a "hold" rating for the company in a report on Monday, November 4th. HSBC downgraded shares of Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a report on Wednesday, October 16th. TD Cowen lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Evercore ISI dropped their price target on shares of 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. Finally, Hsbc Global Res lowered Estée Lauder Companies from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 16th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies has an average rating of "Hold" and an average price target of $98.57.
Read Our Latest Research Report on EL
Estée Lauder Companies Price Performance
Shares of NYSE EL traded up $1.16 during midday trading on Friday, reaching $79.34. 4,893,562 shares of the company were exchanged, compared to its average volume of 3,571,511. The stock's 50-day moving average price is $80.23 and its 200-day moving average price is $94.85. The stock has a market cap of $28.48 billion, a P/E ratio of 141.64, a PEG ratio of 5.02 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. 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 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 return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the company posted $0.11 EPS. Estée Lauder Companies's quarterly revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate 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 issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.76%. Estée Lauder Companies's dividend payout ratio (DPR) is presently 250.00%.
Estée Lauder Companies Profile
(
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.
Read More
Before you consider Estée Lauder Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Estée Lauder Companies wasn't on the list.
While Estée Lauder Companies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
