The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by FORA Capital LLC

FORA Capital LLC boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 50.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 98,882 shares of the company’s stock after purchasing an additional 33,136 shares during the period. Estée Lauder Companies makes up approximately 1.2% of FORA Capital LLC’s portfolio, making the stock its 14th biggest holding. FORA Capital LLC’s holdings in Estée Lauder Companies were worth $9,858,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of EL. BNP Paribas lifted its holdings in Estée Lauder Companies by 26.6% during the third quarter. BNP Paribas now owns 7,347 shares of the company’s stock valued at $731,000 after purchasing an additional 1,545 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Estée Lauder Companies by 7.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,708 shares of the company’s stock worth $5,653,000 after buying an additional 4,008 shares in the last quarter. J. Stern & Co. LLP raised its holdings in Estée Lauder Companies by 77.2% in the 3rd quarter. J. Stern & Co. LLP now owns 18,175 shares of the company’s stock valued at $1,812,000 after acquiring an additional 7,919 shares during the last quarter. Lazard Freres Gestion S.A.S. grew its position in shares of Estée Lauder Companies by 48.3% in the third quarter. Lazard Freres Gestion S.A.S. now owns 999,517 shares of the company’s stock valued at $99,641,000 after purchasing an additional 325,722 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in Estée Lauder Companies by 5.9% in the 3rd quarter. Quantbot Technologies LP now owns 101,773 shares of the company’s stock valued at $10,146,000 after buying an additional 5,676 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of Estée Lauder Companies stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade 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 insiders.

Estée Lauder Companies Trading Up 2.5 %

NYSE EL traded up $1.86 during trading hours on Wednesday, hitting $75.04. 881,045 shares of the company’s stock were exchanged, compared to its average volume of 3,515,538. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The business’s 50 day moving average is $82.24 and its 200-day moving average is $97.22. 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 market capitalization of $26.94 billion, a P/E ratio of 130.68, a price-to-earnings-growth ratio of 4.73 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the firm posted $0.11 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts anticipate 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. Shareholders 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 dividend on an annualized basis and a yield of 1.87%. Estée Lauder Companies’s dividend payout ratio is currently 471.43%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler increased their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Thursday, October 31st. Citigroup lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. Finally, Telsey Advisory Group restated 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. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $98.57.

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.