The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,195 shares of the company’s stock after purchasing an additional 1,809 shares during the period. The Manufacturers Life Insurance Company’s holdings in Estée Lauder Companies were worth $14,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EL. Janus Henderson Group PLC boosted its stake in Estée Lauder Companies by 11.5% during the 1st quarter. Janus Henderson Group PLC now owns 33,867 shares of the company’s stock worth $5,218,000 after purchasing an additional 3,506 shares during the period. Atria Investments Inc boosted its stake in shares of Estée Lauder Companies by 24.6% during the first quarter. Atria Investments Inc now owns 11,961 shares of the company’s stock worth $1,844,000 after buying an additional 2,361 shares during the period. Cetera Investment Advisers increased its position in Estée Lauder Companies by 494.2% in the 1st quarter. Cetera Investment Advisers now owns 24,949 shares of the company’s stock valued at $3,846,000 after acquiring an additional 20,750 shares during the period. Cetera Advisors LLC raised its stake in Estée Lauder Companies by 48.4% during the 1st quarter. Cetera Advisors LLC now owns 3,422 shares of the company’s stock valued at $527,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $558,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EL has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. UBS Group dropped their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Bank of America lowered their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Piper Sandler increased their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, Evercore ISI reduced 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 report on Tuesday, August 20th. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $98.57.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the company’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 value of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 77,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the purchase, the director now directly owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Trading Down 2.5 %

Shares of EL stock opened at $72.12 on Monday. The firm’s 50-day simple moving average is $81.43 and its 200-day simple moving average is $95.92. 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 Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The firm has a market cap of $25.89 billion, a P/E ratio of 128.79, a PEG ratio of 4.67 and a beta of 1.05.

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

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.94%. Estée Lauder Companies’s payout ratio is 471.43%.

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