Maxwell Wealth Strategies Inc. Has $499,000 Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Maxwell Wealth Strategies Inc. increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 31.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,006 shares of the company’s stock after acquiring an additional 1,210 shares during the quarter. Maxwell Wealth Strategies Inc.’s holdings in Estée Lauder Companies were worth $499,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Aptus Capital Advisors LLC lifted its holdings in shares of Estée Lauder Companies by 6.3% in the second quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock valued at $228,000 after purchasing an additional 127 shares in the last quarter. Canandaigua National Bank & Trust Co. lifted its stake in Estée Lauder Companies by 2.1% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock worth $756,000 after acquiring an additional 145 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after acquiring an additional 151 shares during the period. Horizon Bancorp Inc. IN grew its stake in Estée Lauder Companies by 22.3% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock valued at $90,000 after acquiring an additional 154 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Estée Lauder Companies by 4.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,643 shares of the company’s stock valued at $562,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

EL has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Citigroup downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. DA Davidson reaffirmed a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. Finally, TD Cowen lowered their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $100.90.

Estée Lauder Companies Stock Performance

EL opened at $63.75 on Friday. 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 stock’s 50 day moving average price is $84.66 and its two-hundred day moving average price is $100.85. The firm has a market capitalization of $22.88 billion, a P/E ratio of 113.91, a price-to-earnings-growth ratio of 3.80 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75.

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, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Insider Activity at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 20.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at $4,578,114. This represents a 6.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,296 shares of company stock worth $1,423,366 over the last three months. Company insiders own 12.78% of the company’s stock.

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.