Legacy Wealth Asset Management LLC Has $346,000 Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Legacy Wealth Asset Management LLC decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,611 shares of the company’s stock after selling 1,207 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Estée Lauder Companies were worth $346,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC increased its stake in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies during the 3rd quarter worth $31,000. Kimelman & Baird LLC bought a new stake in shares of Estée Lauder Companies during the 2nd quarter worth $32,000. Ecofi Investissements SA bought a new stake in shares of Estée Lauder Companies during the 2nd quarter worth $53,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Estée Lauder Companies by 752.9% during the 3rd quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock worth $58,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Trading Down 0.3 %

Shares of Estée Lauder Companies stock opened at $77.86 on Friday. The stock has a market capitalization of $27.95 billion, a P/E ratio of 139.04, a price-to-earnings-growth ratio of 5.02 and a beta of 1.02. 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 50-day simple moving average of $73.48 and a 200 day simple moving average of $85.83. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. Research analysts expect 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 announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 250.00%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $80.00 in a report on Thursday, October 31st. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Barclays upped their price objective on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Bank of America reduced their price target 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. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and an average price target of $93.55.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 75,500 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were 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 position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

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.