Infusive Asset Management Inc. Makes New $3.69 Million Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Infusive Asset Management Inc. acquired a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,020 shares of the company’s stock, valued at approximately $3,691,000. Estée Lauder Companies makes up about 1.5% of Infusive Asset Management Inc.’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also recently added to or reduced their stakes in EL. Northwest & Ethical Investments L.P. bought a new stake in Estée Lauder Companies during the third quarter valued at about $90,000. Public Sector Pension Investment Board raised its stake in Estée Lauder Companies by 12.2% during the third quarter. Public Sector Pension Investment Board now owns 10,096 shares of the company’s stock worth $1,006,000 after acquiring an additional 1,100 shares in the last quarter. FORA Capital LLC raised its stake in shares of Estée Lauder Companies by 50.4% in the third quarter. FORA Capital LLC now owns 98,882 shares of the company’s stock valued at $9,858,000 after acquiring an additional 33,136 shares during the last quarter. BNP Paribas boosted its stake in Estée Lauder Companies by 26.6% in the third quarter. BNP Paribas now owns 7,347 shares of the company’s stock worth $731,000 after purchasing an additional 1,545 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Estée Lauder Companies by 7.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,708 shares of the company’s stock worth $5,653,000 after acquiring an additional 4,008 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EL. Stifel Nicolaus cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Thursday, October 31st. TD Cowen cut their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Canaccord Genuity Group dropped their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Royal Bank of Canada lowered their price objective on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $98.57.

Estée Lauder Companies Stock Performance

NYSE EL opened at $73.96 on Friday. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The company has a fifty day moving average of $81.69 and a 200-day moving average of $96.89. The company has a market capitalization of $26.55 billion, a P/E ratio of 132.07, a P/E/G ratio of 4.79 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.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. As a group, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal 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 $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.89%. Estée Lauder Companies’s payout ratio is 471.43%.

Insider Activity

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies 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 transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg acquired 75,500 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost 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 approximately $20,128,300. This trade represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.

About Estée Lauder Companies

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.