Hsbc Holdings PLC Buys 31,617 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Hsbc Holdings PLC boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 489,626 shares of the company’s stock after acquiring an additional 31,617 shares during the quarter. Hsbc Holdings PLC owned approximately 0.14% of Estée Lauder Companies worth $52,003,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Estée Lauder Companies in the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC raised its position in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies in the 1st quarter valued at approximately $35,000. Chilton Capital Management LLC raised its position in shares of Estée Lauder Companies by 163.0% in the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after acquiring an additional 163 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of 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 acquiring an additional 261 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL opened at $85.01 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75. 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 company has a 50 day moving average of $92.92 and a 200-day moving average of $118.15. The stock has a market capitalization of $30.48 billion, a P/E ratio of 47.76, a P/E/G ratio of 1.42 and a beta of 1.00.

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

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 3.11%. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Insider Activity at Estée Lauder Companies

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EL. Morgan Stanley cut their price target on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Stifel Nicolaus cut their price target on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $131.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $115.00 price target on shares of Estée Lauder Companies in a research report on Monday, August 19th. Fourteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $120.27.

About Estée Lauder Companies

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.