Symmetry Investments LP Purchases New Shares in The Estée Lauder Companies Inc. (NYSE:EL)

Symmetry Investments LP acquired a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,700 shares of the company’s stock, valued at approximately $287,000.

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 in the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC raised its holdings in 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 in the last quarter. Rothschild Investment LLC bought a new stake in shares of Estée Lauder Companies during the 2nd quarter valued at $30,000. PARK CIRCLE Co acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth $32,000. Finally, Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies in the first quarter worth $35,000. Institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James cut shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Morgan Stanley decreased their price objective on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Royal Bank of Canada restated an “outperform” rating and set a $131.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Finally, Stifel Nicolaus decreased their price target on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $120.27.

Insider Activity at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the business’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 transaction, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Charlene Barshefsky sold 3,437 shares of the company’s 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 sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following 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 currently owned by company insiders.

Estée Lauder Companies Trading Down 2.8 %

Shares of NYSE EL opened at $85.01 on Friday. The firm has a 50 day moving average price of $92.92 and a two-hundred day moving average price of $117.95. The stock has a market cap of $30.48 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.00. The Estée Lauder Companies Inc. has a 52-week low of $82.39 and a 52-week high of $159.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

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

Estée Lauder Companies Dividend Announcement

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

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