The Estée Lauder Companies Inc. (NYSE:EL) Position Raised by Empirical Finance LLC

Empirical Finance LLC lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,001 shares of the company’s stock after acquiring an additional 179 shares during the period. Empirical Finance LLC’s holdings in Estée Lauder Companies were worth $798,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The trade was a 20.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This trade represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EL has been the subject of several recent analyst reports. Piper Sandler increased their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 target price on shares of Estée Lauder Companies in a research report on Thursday, October 31st. The Goldman Sachs Group 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 research note on Friday, November 1st. B. Riley reduced their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Finally, TD Cowen lowered their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $100.90.

Estée Lauder Companies Stock Down 1.7 %

EL stock opened at $63.75 on Friday. The company’s 50 day simple moving average is $84.66 and its 200-day simple moving average is $100.53. The firm has a market capitalization of $22.88 billion, a P/E ratio of 113.84, a P/E/G ratio of 3.80 and a beta of 1.05. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

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

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.