6,305 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Bought by Phraction Management LLC

Phraction Management LLC acquired a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 6,305 shares of the company’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in Estée Lauder Companies during the second quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Estée Lauder Companies in the 3rd quarter worth about $31,000. PARK CIRCLE Co purchased a new position in shares of Estée Lauder Companies in the 2nd quarter worth about $32,000. Kimelman & Baird LLC bought a new position in Estée Lauder Companies in the 2nd quarter worth about $32,000. Finally, Crewe Advisors LLC purchased a new stake in Estée Lauder Companies during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

EL has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $105.00 target price on shares of Estée Lauder Companies in a report on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $113.00 to $74.00 in a research note on Friday, November 1st. Canaccord Genuity Group decreased their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Royal Bank of Canada dropped their price objective 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Trading Down 1.7 %

Shares of EL stock opened at $63.75 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The company has a market cap of $22.88 billion, a price-to-earnings ratio of 113.84, a PEG ratio of 3.85 and a beta of 1.05. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The firm has a fifty day moving average price of $84.66 and a 200-day moving average price of $100.53.

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, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is 471.43%.

Insider Buying and Selling at Estée Lauder Companies

In related news, 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 20.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,296 shares of company stock valued at $1,423,366 over the last 90 days. 12.78% of the stock is currently owned by corporate insiders.

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.