Logan Capital Management Inc. Sells 9,619 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Logan Capital Management Inc. lessened its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 31.9% during the third quarter, HoldingsChannel reports. The firm owned 20,551 shares of the company’s stock after selling 9,619 shares during the quarter. Logan Capital Management Inc.’s holdings in Estée Lauder Companies were worth $2,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EL. State Street Corp grew its holdings in shares of Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after purchasing an additional 913,470 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares during the period. Geode Capital Management LLC grew its holdings in Estée Lauder Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after acquiring an additional 70,307 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after acquiring an additional 1,078,926 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its position in Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after purchasing an additional 1,066,320 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE EL opened at $80.04 on Friday. The company has a market capitalization of $28.73 billion, a P/E ratio of 142.93, a P/E/G ratio of 5.33 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 52-week low of $62.29 and a 52-week high of $159.75. The company has a fifty day moving average of $78.25 and a 200-day moving average of $92.85.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 previous year, the firm earned $0.11 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.46 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced 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. This represents a $1.40 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 77,500 shares of the stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the transaction, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. DA Davidson reissued a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. Telsey Advisory Group reissued a “market perform” rating and set a $105.00 price objective on shares of Estée Lauder Companies in a research report on Thursday, October 31st. TD Cowen dropped their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Royal Bank of Canada lowered their target price on 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. 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, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus 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.