Alpha Family Trust Buys New Position in The Estée Lauder Companies Inc. (NYSE:EL)

Alpha Family Trust bought a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the third quarter, Holdings Channel reports. The firm bought 2,745 shares of the company’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in shares of Estée Lauder Companies in the 2nd quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Estée Lauder Companies in the 3rd quarter valued at about $31,000. PARK CIRCLE Co purchased a new stake in Estée Lauder Companies during the second quarter worth approximately $32,000. Kimelman & Baird LLC purchased a new stake in Estée Lauder Companies during the second quarter worth approximately $32,000. Finally, Crewe Advisors LLC purchased a new stake in Estée Lauder Companies during the first quarter worth approximately $35,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EL. Raymond James cut Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Canaccord Genuity Group decreased their target price 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. DA Davidson restated a “buy” rating and set a $130.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. Finally, Bank of America cut their price target on 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. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.90.

Insiders Place Their Bets

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 6.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies Trading Down 1.7 %

NYSE:EL opened at $63.75 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The firm has a market cap of $22.88 billion, a P/E ratio of 113.84, a PEG ratio of 3.85 and a beta of 1.05. The stock’s 50 day simple moving average is $84.66 and its 200-day simple moving average is $100.53.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data 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 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%. Estée Lauder Companies’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued 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 is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 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.