XTX Topco Ltd lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 64.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,268 shares of the company's stock after selling 12,953 shares during the quarter. XTX Topco Ltd's holdings in Estée Lauder Companies were worth $725,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in Estée Lauder Companies by 9.5% during the third quarter. State Street Corp now owns 10,575,926 shares of the company's stock worth $1,054,314,000 after acquiring an additional 913,470 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Estée Lauder Companies by 79.4% during 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 period. Van ECK Associates Corp grew its stake in Estée Lauder Companies by 36.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company's stock worth $402,938,000 after acquiring an additional 1,078,926 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company's stock worth $368,788,000 after purchasing an additional 1,066,320 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Estée Lauder Companies by 80.8% in the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company's stock valued at $292,510,000 after acquiring an additional 1,310,900 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.
Estée Lauder Companies Price Performance
Shares of Estée Lauder Companies stock traded down $0.20 during trading hours on Thursday, reaching $81.02. 3,391,571 shares of the company's stock were exchanged, compared to its average volume of 3,580,501. The business has a fifty day moving average of $78.85 and a two-hundred day moving average of $93.26. The company has a market capitalization of $29.08 billion, a P/E ratio of 145.04, a price-to-earnings-growth ratio of 5.14 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 1 year low of $62.29 and a 1 year high of $159.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS 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 company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. Estée Lauder Companies's quarterly revenue was down 4.5% on a year-over-year basis. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.
Estée Lauder Companies Cuts Dividend
The company 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies's dividend payout ratio is currently 250.00%.
Insider Buying and Selling
In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction dated 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 directly owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg acquired 77,500 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the acquisition, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
EL has been the subject of a number of recent analyst reports. TD Cowen lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Estée Lauder Companies from $98.00 to $75.00 and set a "hold" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $113.00 to $74.00 in a research note on Friday, November 1st. Canaccord Genuity Group reduced their price objective on 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. Finally, Stifel Nicolaus lowered Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $98.57.
View Our Latest Analysis on EL
Estée Lauder Companies Company 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.
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