12,332 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC bought a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,332 shares of the company’s stock, valued at approximately $1,229,000.

Several other hedge funds have also bought and sold shares of EL. Cetera Advisors LLC increased its position in shares of Estée Lauder Companies by 48.4% during the 1st quarter. Cetera Advisors LLC now owns 3,422 shares of the company’s stock valued at $527,000 after purchasing an additional 1,116 shares during the last quarter. V Square Quantitative Management LLC grew its position in Estée Lauder Companies by 19.7% during the second quarter. V Square Quantitative Management LLC now owns 4,066 shares of the company’s stock valued at $433,000 after acquiring an additional 669 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Estée Lauder Companies by 1,792.3% in the 2nd quarter. ORG Partners LLC now owns 492 shares of the company’s stock worth $52,000 after acquiring an additional 466 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Estée Lauder Companies by 4.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,873 shares of the company’s stock worth $2,008,000 after acquiring an additional 782 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its stake in shares of Estée Lauder Companies by 117.6% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 3,264 shares of the company’s stock valued at $341,000 after purchasing an additional 1,764 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the purchase, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $105.00 price target on shares of Estée Lauder Companies in a research note on Thursday, October 31st. Bank of America lowered their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Morgan Stanley reduced their price target on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. TD Cowen lowered their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.57.

Estée Lauder Companies Price Performance

EL stock opened at $82.59 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a 50 day moving average price of $79.46 and a 200-day moving average price of $93.65. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The firm has a market capitalization of $29.65 billion, a price-to-earnings ratio of 147.46, a PEG ratio of 5.14 and a beta of 1.05.

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, beating analysts’ consensus estimates 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 business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS 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 given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is 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.