Glenmede Trust Co. NA Reduces Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Glenmede Trust Co. NA cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,033 shares of the company’s stock after selling 786 shares during the period. Glenmede Trust Co. NA’s holdings in Estée Lauder Companies were worth $801,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EL. Massachusetts Financial Services Co. MA raised its holdings in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after acquiring an additional 2,533,006 shares during the last quarter. Van ECK Associates Corp increased its position in Estée Lauder Companies by 36.4% during the 3rd 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 in the last quarter. Independent Franchise Partners LLP raised its stake 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 purchasing an additional 1,066,320 shares during the last quarter. Marshall Wace LLP lifted its holdings in Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after purchasing an additional 1,920,439 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Estée Lauder Companies by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,338,581 shares of the company’s stock worth $133,443,000 after purchasing an additional 35,364 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg acquired 75,500 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the acquisition, the director now owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of NYSE:EL opened at $77.45 on Wednesday. The business’s 50-day simple moving average is $80.93 and its 200 day simple moving average is $95.07. The company has a market cap of $27.80 billion, a P/E ratio of 138.30, a PEG ratio of 4.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75.

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, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.11 earnings per share. On average, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 1.81%. Estée Lauder Companies’s payout ratio is currently 250.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EL. Bank of America cut their price objective 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. The Goldman Sachs Group reduced their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $113.00 to $74.00 in a research report on Friday, November 1st. DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. Finally, Evercore ISI decreased their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $98.57.

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.