The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Independent Franchise Partners LLP

Independent Franchise Partners LLP boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 44.4% during the second quarter, HoldingsChannel reports. The fund owned 3,466,048 shares of the company’s stock after buying an additional 1,066,320 shares during the period. Estée Lauder Companies comprises 3.4% of Independent Franchise Partners LLP’s holdings, making the stock its 16th biggest position. Independent Franchise Partners LLP’s holdings in Estée Lauder Companies were worth $368,788,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC lifted its position in Estée Lauder Companies by 105,466.7% in the second quarter. Frank Rimerman Advisors LLC now owns 3,167 shares of the company’s stock valued at $337,000 after buying an additional 3,164 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Estée Lauder Companies by 37.2% in the 2nd quarter. ProShare Advisors LLC now owns 40,087 shares of the company’s stock valued at $4,265,000 after acquiring an additional 10,871 shares during the period. Symmetry Investments LP acquired a new position in shares of Estée Lauder Companies in the 2nd quarter worth approximately $287,000. Summit Trail Advisors LLC boosted its position in shares of Estée Lauder Companies by 54.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,208 shares of the company’s stock worth $341,000 after purchasing an additional 1,129 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Estée Lauder Companies by 30.9% in the 2nd quarter. Pacer Advisors Inc. now owns 20,615 shares of the company’s stock valued at $2,193,000 after purchasing an additional 4,872 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Price Performance

EL stock opened at $85.01 on Friday. The business has a 50 day moving average price of $92.92 and a 200 day moving average price of $117.95. 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 stock has a market cap of $30.48 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 1.42 and a beta of 1.00. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data 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 business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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

Insider Activity

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 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. Corporate insiders own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the topic of a number of research reports. Telsey Advisory Group restated a “market perform” rating and set a $115.00 price target on shares of Estée Lauder Companies in a research note on Monday, August 19th. Royal Bank of Canada reissued an “outperform” rating and set a $131.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Piper Sandler raised Estée Lauder Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $95.00 to $114.00 in a research report on Thursday, August 22nd. Morgan Stanley reduced 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a report 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $120.27.

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.