Infusive Asset Management Inc. Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Infusive Asset Management Inc. purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 37,020 shares of the company’s stock, valued at approximately $3,691,000. Estée Lauder Companies comprises approximately 1.5% of Infusive Asset Management Inc.’s holdings, making the stock its 28th biggest position.

Several other hedge funds have also bought and sold shares of EL. Janus Henderson Group PLC boosted its position in shares of Estée Lauder Companies by 11.5% in the 1st quarter. Janus Henderson Group PLC now owns 33,867 shares of the company’s stock worth $5,218,000 after purchasing an additional 3,506 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Estée Lauder Companies by 26.5% in the first quarter. Tidal Investments LLC now owns 18,640 shares of the company’s stock worth $2,873,000 after acquiring an additional 3,910 shares during the last quarter. Comerica Bank increased its holdings in shares of Estée Lauder Companies by 5.9% during the first quarter. Comerica Bank now owns 63,416 shares of the company’s stock valued at $9,775,000 after acquiring an additional 3,533 shares in the last quarter. Atria Investments Inc raised its position in shares of Estée Lauder Companies by 24.6% in the 1st quarter. Atria Investments Inc now owns 11,961 shares of the company’s stock worth $1,844,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Estée Lauder Companies by 494.2% in the 1st quarter. Cetera Investment Advisers now owns 24,949 shares of the company’s stock worth $3,846,000 after purchasing an additional 20,750 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $113.00 to $74.00 in a report on Friday, November 1st. Royal Bank of Canada dropped 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. Telsey Advisory Group reissued a “market perform” rating and issued a $105.00 price objective on shares of Estée Lauder Companies in a report on Thursday, October 31st. TD Cowen reduced their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Canaccord Genuity Group dropped their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average price target of $98.57.

Estée Lauder Companies Price Performance

EL stock opened at $73.96 on Friday. The firm has a market capitalization of $26.55 billion, a P/E ratio of 132.07, a price-to-earnings-growth ratio of 4.79 and a beta of 1.05. 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 quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The company has a fifty day simple moving average of $81.69 and a two-hundred day simple moving average of $96.89.

Estée Lauder Companies (NYSE:EL) last posted 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. The company 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 previous year, the business earned $0.11 EPS. Analysts anticipate that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is 471.43%.

Insiders Place Their Bets

In related news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies 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 of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg bought 75,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

About Estée Lauder Companies

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.