The Estée Lauder Companies Inc. (NYSE:EL) Stake Reduced by Amalgamated Bank

Amalgamated Bank trimmed its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 2.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 46,840 shares of the company’s stock after selling 1,423 shares during the quarter. Amalgamated Bank’s holdings in Estée Lauder Companies were worth $4,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Estée Lauder Companies by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after purchasing an additional 1,078,926 shares during the period. Independent Franchise Partners LLP grew its position in Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after buying an additional 1,066,320 shares in the last quarter. Clearbridge Investments LLC increased its stake in Estée Lauder Companies by 4.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock valued at $487,612,000 after buying an additional 140,416 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Up 4.8 %

EL stock opened at $66.31 on Friday. The business has a 50-day moving average of $88.41 and a 200-day moving average of $104.59. The Estée Lauder Companies Inc. has a fifty-two week low of $62.88 and a fifty-two week high of $159.75. The stock has a market capitalization of $23.79 billion, a P/E ratio of 118.41, a P/E/G ratio of 2.36 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.11%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Insider Activity

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,296 shares of company stock worth $1,423,366 in the last quarter. Corporate insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. B. Riley cut their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday. Finally, Bank of America cut their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $100.90.

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