Magnolia Capital Advisors LLC Purchases Shares of 5,910 The Estée Lauder Companies Inc. (NYSE:EL)

Magnolia Capital Advisors LLC acquired a new position in The Estée Lauder Companies Inc. (NYSE:EL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,910 shares of the company’s stock, valued at approximately $629,000.

A number of other institutional investors have also made changes to their positions in EL. Riverview Trust Co bought a new position in Estée Lauder Companies in the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC boosted its position in Estée Lauder Companies by 103.1% during the first 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 last quarter. Rothschild Investment LLC bought a new stake in Estée Lauder Companies during the second quarter valued at $30,000. PARK CIRCLE Co bought a new position in shares of Estée Lauder Companies during the 2nd quarter worth about $32,000. Finally, Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies during the 1st quarter worth about $35,000. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $99.69 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The company has a fifty day moving average of $92.33 and a two-hundred day moving average of $115.33. The stock has a market capitalization of $35.75 billion, a PE ratio of 56.01, a P/E/G ratio of 1.46 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 earnings results on Monday, August 19th. The company reported $0.64 EPS 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 analysts’ expectations 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were 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 of the company’s stock, valued at $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, 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 insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Bank of America downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $140.00 to $100.00 in a report on Friday, August 16th. Telsey Advisory Group restated a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a research report on Monday, August 19th. Stifel Nicolaus decreased their price objective 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. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $120.64.

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.