Public Sector Pension Investment Board Has $1.01 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Public Sector Pension Investment Board lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 12.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,096 shares of the company’s stock after acquiring an additional 1,100 shares during the period. Public Sector Pension Investment Board’s holdings in Estée Lauder Companies were worth $1,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EL. Rothschild Investment LLC acquired a new position in Estée Lauder Companies in the second quarter valued at about $30,000. Ashton Thomas Securities LLC acquired a new position in shares of Estée Lauder Companies in the 3rd quarter valued at approximately $31,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Kimelman & Baird LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Finally, Chilton Capital Management LLC lifted its stake in Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 168 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Trading Up 1.5 %

NYSE EL opened at $79.32 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The business’s fifty day moving average is $79.82 and its 200 day moving average is $94.22. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 141.64, a price-to-earnings-growth ratio of 5.14 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released 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 for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.48 EPS 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. Stockholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is currently 250.00%.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg purchased 75,500 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction 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 sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EL shares. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Stifel Nicolaus downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Thursday, October 31st. DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, November 20th. Evercore ISI dropped their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Finally, Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price 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.