The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. trimmed its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,643 shares of the company’s stock after selling 259 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Estée Lauder Companies were worth $662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EL. Orion Portfolio Solutions LLC increased its stake in Estée Lauder Companies by 6.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 5,779 shares of the company’s stock worth $891,000 after purchasing an additional 347 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Estée Lauder Companies by 19.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,942 shares of the company’s stock worth $1,687,000 after buying an additional 1,755 shares during the period. Lake Street Advisors Group LLC purchased a new position in shares of Estée Lauder Companies in the first quarter worth approximately $239,000. National Bank of Canada FI raised its holdings in shares of Estée Lauder Companies by 47.8% during the first quarter. National Bank of Canada FI now owns 103,476 shares of the company’s stock valued at $15,951,000 after acquiring an additional 33,459 shares during the period. Finally, Ossiam lifted its position in shares of Estée Lauder Companies by 69.5% in the 1st quarter. Ossiam now owns 30,589 shares of the company’s stock valued at $4,715,000 after acquiring an additional 12,538 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Price Performance

NYSE EL opened at $64.81 on Wednesday. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The stock’s 50-day moving average is $83.81 and its two-hundred day moving average is $99.36. The firm has a market cap of $23.26 billion, a P/E ratio of 115.72, a price-to-earnings-growth ratio of 3.85 and a beta of 1.05. 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 issued its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. On average, analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 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. Investors of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 471.43%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the acquisition, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. The trade was a 20.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. 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 report on Friday, November 1st. Piper Sandler lifted their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $105.00 price objective on shares of Estée Lauder Companies in a research note on Thursday, October 31st. B. Riley lowered their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price of $100.90.

About Estée Lauder Companies

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.