Malaga Cove Capital LLC Raises Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Malaga Cove Capital LLC grew its position in The Estée Lauder Companies Inc. (NYSE:EL) by 58.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,966 shares of the company’s stock after buying an additional 2,205 shares during the period. Malaga Cove Capital LLC’s holdings in Estée Lauder Companies were worth $595,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Aptus Capital Advisors LLC grew its stake in Estée Lauder Companies by 6.3% during the 2nd 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 during the last quarter. Canandaigua National Bank & Trust Co. raised its position in 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 worth $756,000 after buying an additional 145 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares during the period. Horizon Bancorp Inc. IN increased its stake in shares of Estée Lauder Companies by 22.3% in the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock worth $90,000 after acquiring an additional 154 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in Estée Lauder Companies by 4.6% during the first 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. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Price Performance

NYSE:EL opened at $63.28 on Thursday. The stock has a 50 day moving average price of $88.41 and a 200 day moving average price of $104.59. The stock has a market cap of $22.70 billion, a PE ratio of 113.00, a P/E/G ratio of 2.36 and a beta of 1.05. 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 Estée Lauder Companies Inc. has a one year low of $62.88 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping 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 business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the firm earned $0.11 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities research analysts expect that The Estée Lauder Companies Inc. will post 2 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 issued a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.21%. Estée Lauder Companies’s dividend payout ratio is presently 471.43%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EL shares. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 price target on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Barclays cut their price objective on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their target price on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday. Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, UBS Group reduced their target price on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. 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 currently has an average rating of “Hold” and an average price target of $100.90.

Insider Buying and Selling

In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,296 shares of company stock valued at $1,423,366 in the last ninety days. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Company 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.