Commerzbank Aktiengesellschaft FI Acquires Shares of 2,237 The Estée Lauder Companies Inc. (NYSE:EL)

Commerzbank Aktiengesellschaft FI acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,237 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EL. Park Avenue Securities LLC increased its holdings in shares of Estée Lauder Companies by 31.2% in the first quarter. Park Avenue Securities LLC now owns 2,743 shares of the company’s stock valued at $423,000 after purchasing an additional 653 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Estée Lauder Companies by 16.2% in the first quarter. Ballentine Partners LLC now owns 1,635 shares of the company’s stock valued at $252,000 after acquiring an additional 228 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Estée Lauder Companies in the first quarter valued at about $26,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Estée Lauder Companies in the first quarter valued at about $339,000. Finally, Brookstone Capital Management grew its stake in shares of Estée Lauder Companies by 42.4% in the first quarter. Brookstone Capital Management now owns 5,429 shares of the company’s stock valued at $837,000 after acquiring an additional 1,616 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EL has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $131.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Morgan Stanley decreased 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 note on Tuesday, August 20th. Stifel Nicolaus decreased 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 note on Tuesday, August 20th. Wells Fargo & Company decreased their price target on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Finally, Citigroup reduced their price objective on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Sixteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.91.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on 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 sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the 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 owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’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 sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Up 1.0 %

Shares of NYSE EL opened at $88.63 on Friday. The company has a 50 day simple moving average of $91.58 and a 200 day simple moving average of $109.15. The firm has a market cap of $31.78 billion, a PE ratio of 49.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The Estée Lauder Companies Inc. has a 1 year low of $82.39 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (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 analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. On average, research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

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