Edgestream Partners L.P. Raises Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Edgestream Partners L.P. grew its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 128.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,292 shares of the company’s stock after buying an additional 8,610 shares during the period. Edgestream Partners L.P.’s holdings in Estée Lauder Companies were worth $1,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its position 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 worth $228,000 after purchasing an additional 127 shares during the period. Canandaigua National Bank & Trust Co. lifted its stake in shares of Estée Lauder Companies by 2.1% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock valued at $756,000 after buying an additional 145 shares in the last quarter. Farther Finance Advisors LLC boosted 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 during the period. Horizon Bancorp Inc. IN increased its stake 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, City Holding Co. raised its holdings in Estée Lauder Companies by 2.1% during the second quarter. City Holding Co. now owns 7,950 shares of the company’s stock valued at $846,000 after acquiring an additional 165 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EL has been the subject of several research analyst reports. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. TD Cowen reduced 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. JPMorgan Chase & Co. lowered shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $113.00 to $74.00 in a research report on Friday, November 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 price target on shares of Estée Lauder Companies in a report on Thursday, October 31st. Finally, UBS Group dropped their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $98.57.

Insider Buying and Selling

In related news, Director Paul J. Fribourg purchased 75,500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was 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.

Estée Lauder Companies Trading Up 1.9 %

Shares of EL opened at $77.45 on Wednesday. The company’s fifty 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 P/E/G ratio of 4.92 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve 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 during 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%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.81%. Estée Lauder Companies’s dividend payout ratio is presently 250.00%.

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.