The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Fmr LLC

Fmr LLC decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,452,568 shares of the company’s stock after selling 482,886 shares during the quarter. Fmr LLC owned 1.52% of Estée Lauder Companies worth $543,567,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in Estée Lauder Companies in the second quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new position in Estée Lauder Companies in the third quarter valued at approximately $31,000. PARK CIRCLE Co purchased a new position in Estée Lauder Companies in the second quarter valued at approximately $32,000. Kimelman & Baird LLC purchased a new position in Estée Lauder Companies in the second quarter valued at approximately $32,000. Finally, Chilton Capital Management LLC increased its stake in Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were 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 approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg bought 75,500 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now directly owns 310,000 shares in the company, valued at $20,128,300. The trade was a 32.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of 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. Bank of America lowered 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 research report on Friday, November 1st. Royal Bank of Canada lowered their target price on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, UBS Group lowered their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $98.57.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $73.96 on Friday. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. 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 business has a fifty day moving average of $81.69 and a two-hundred day moving average of $96.89. The company has a market cap of $26.55 billion, a P/E ratio of 132.07, a price-to-earnings-growth ratio of 4.73 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, analysts predict that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

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.