Pathstone Holdings LLC Has $1.61 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Pathstone Holdings LLC lessened its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 10.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,187 shares of the company’s stock after selling 1,903 shares during the period. Pathstone Holdings LLC’s holdings in Estée Lauder Companies were worth $1,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Zevin Asset Management LLC raised its holdings in shares of Estée Lauder Companies by 9.1% during the 3rd quarter. Zevin Asset Management LLC now owns 80,034 shares of the company’s stock worth $7,979,000 after buying an additional 6,676 shares in the last quarter. Swiss National Bank increased its stake in shares of Estée Lauder Companies by 0.3% in the third quarter. Swiss National Bank now owns 691,600 shares of the company’s stock valued at $68,946,000 after buying an additional 1,900 shares during the period. S&CO Inc. boosted its stake in shares of Estée Lauder Companies by 71.2% in the 3rd quarter. S&CO Inc. now owns 58,689 shares of the company’s stock valued at $5,850,000 after purchasing an additional 24,414 shares during the last quarter. Alpha Family Trust bought a new stake in Estée Lauder Companies during the third quarter valued at $274,000. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in shares of Estée Lauder Companies during the 3rd quarter valued at about $203,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EL shares. Evercore ISI lowered their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Wells Fargo & Company cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. The Goldman Sachs Group reduced their target price on shares of 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. Piper Sandler increased their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada cut their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $98.57.

Insider Buying and Selling at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 10,969 shares of the 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 completion of the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This represents a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Fribourg acquired 75,500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the acquisition, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

Estée Lauder Companies Stock Performance

NYSE EL opened at $73.93 on Thursday. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The business’s 50-day simple moving average is $81.96 and its 200-day simple moving average is $97.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $26.54 billion, a P/E ratio of 132.02, a P/E/G ratio of 4.73 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the business earned $0.11 EPS. Estée Lauder Companies’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities analysts predict that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.89%. Estée Lauder Companies’s dividend payout ratio is presently 471.43%.

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.