Ramsay Stattman Vela & Price Inc. Decreases Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Ramsay Stattman Vela & Price Inc. lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 44.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,695 shares of the company’s stock after selling 3,000 shares during the quarter. Ramsay Stattman Vela & Price Inc.’s holdings in Estée Lauder Companies were worth $368,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Armistice Capital LLC grew its stake in shares of Estée Lauder Companies by 111.8% in the second quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after purchasing an additional 96,239 shares during the last quarter. BNP Paribas bought a new stake in shares of Estée Lauder Companies in the 1st quarter worth approximately $997,000. Marshall Wace LLP increased its stake in shares of Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after buying an additional 1,920,439 shares during the period. Headlands Technologies LLC bought a new position in shares of Estée Lauder Companies during the second quarter valued at approximately $6,043,000. Finally, Transcend Capital Advisors LLC purchased a new stake in Estée Lauder Companies in the second quarter worth $558,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Activity

In other news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred 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 transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Down 0.1 %

Shares of Estée Lauder Companies stock traded down $0.05 on Tuesday, reaching $88.67. The company’s stock had a trading volume of 625,067 shares, compared to its average volume of 3,189,334. The Estée Lauder Companies Inc. has a 52 week low of $82.39 and a 52 week high of $159.75. The firm’s fifty day simple moving average is $91.21 and its two-hundred day simple moving average is $107.67. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $31.79 billion, a price-to-earnings ratio of 49.81, a P/E/G ratio of 1.47 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. Estée Lauder Companies’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s payout ratio is presently 148.31%.

Wall Street Analyst Weigh In

EL has been the subject of several research reports. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. JPMorgan Chase & Co. raised their price objective on shares of Estée Lauder Companies from $105.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Evercore ISI cut their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Raymond James cut Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus price target of $116.91.

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