Acadian Asset Management LLC Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Acadian Asset Management LLC purchased a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 17,191 shares of the company’s stock, valued at approximately $1,827,000.

A number of other institutional investors have also recently bought and sold shares of EL. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies during the 1st quarter worth about $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the period. Crewe Advisors LLC acquired a new position in shares of Estée Lauder Companies in the first quarter valued at approximately $35,000. Chilton Capital Management LLC lifted its holdings in Estée Lauder Companies by 163.0% during the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Trading Up 0.4 %

Shares of EL stock opened at $84.56 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $30.33 billion, a P/E ratio of 47.51, a P/E/G ratio of 1.42 and a beta of 1.00. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75. The stock’s fifty day simple moving average is $94.60 and its 200 day simple moving average is $120.09.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EL shares. Barclays dropped their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. JPMorgan Chase & Co. cut their price objective on shares of Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $131.00 target price on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $115.00 price target on shares of Estée Lauder Companies in a research note on Monday, August 19th. Finally, UBS Group lowered their price objective on 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. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $121.57.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The stock was 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 directly owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Estée Lauder Companies 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.