10,211 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the third quarter, HoldingsChannel reports. The fund purchased 10,211 shares of the company’s stock, valued at approximately $1,018,000.

A number of other institutional investors also recently bought and sold shares of the stock. Aptus Capital Advisors LLC increased its stake in shares of Estée Lauder Companies by 6.3% during the second 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 in the last quarter. Canandaigua National Bank & Trust Co. increased its stake 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 valued at $756,000 after purchasing an additional 145 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after purchasing an additional 151 shares in the last quarter. Horizon Bancorp Inc. IN increased its stake in shares of Estée Lauder Companies by 22.3% during the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock valued at $90,000 after purchasing an additional 154 shares in the last quarter. Finally, City Holding Co. increased its stake in shares of 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 purchasing an additional 165 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 price target on shares of Estée Lauder Companies in a report on Thursday, October 31st. Bank of America dropped 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 report on Friday, November 1st. Evercore ISI dropped their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. B. Riley dropped their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $98.57.

Insider Transactions at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the 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 owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 20.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at $4,578,114. The trade was a 6.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,296 shares of company stock valued at $1,423,366. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of NYSE:EL opened at $65.34 on Thursday. 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 company has a market capitalization of $23.46 billion, a price-to-earnings ratio of 116.68, a PEG ratio of 3.85 and a beta of 1.05. The firm’s 50-day moving average is $83.42 and its 200 day moving average is $99.12. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the firm earned $0.11 EPS. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. Research analysts predict that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm 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. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.14%. Estée Lauder Companies’s payout ratio is presently 471.43%.

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.