The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 1,396.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,607 shares of the company’s stock after acquiring an additional 286,115 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Estée Lauder Companies were worth $47,263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rakuten Securities Inc. purchased a new stake in Estée Lauder Companies during the 4th quarter worth about $26,000. Riverview Trust Co purchased a new stake in shares of Estée Lauder Companies during the first quarter worth about $26,000. Hexagon Capital Partners LLC lifted its stake in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after buying an additional 99 shares during the period. Crewe Advisors LLC acquired a new stake in Estée Lauder Companies during the first quarter worth approximately $35,000. Finally, ICA Group Wealth Management LLC acquired a new position in Estée Lauder Companies in the 4th quarter valued at $41,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the transaction, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the sale, the chief financial officer now directly owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,255 shares of company stock worth $5,453,232. 12.77% of the stock is owned by company insiders.

Estée Lauder Companies Stock Performance

NYSE:EL traded down $1.27 during midday trading on Tuesday, reaching $99.46. 3,140,452 shares of the company traded hands, compared to its average volume of 2,828,763. The firm has a market capitalization of $35.66 billion, a price-to-earnings ratio of 55.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. The company has a fifty day moving average price of $111.98 and a 200 day moving average price of $131.17. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The Estée Lauder Companies Inc. has a twelve month low of $95.87 and a twelve month high of $183.20.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. On average, analysts expect that The Estée Lauder Companies Inc. will post 2.21 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a $0.66 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.64 annualized dividend and a dividend yield of 2.65%. Estée Lauder Companies’s payout ratio is currently 148.32%.

Wall Street Analysts Forecast Growth

EL has been the topic of several analyst reports. DA Davidson restated a “buy” rating and set a $191.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday, May 1st. Bank of America dropped their target price on shares of Estée Lauder Companies from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Morgan Stanley lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $164.00 to $140.00 in a research report on Friday, May 3rd. Finally, Bernstein Bank lifted their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and an average price target of $147.87.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.