The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 26.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,301 shares of the company’s stock after selling 472 shares during the quarter. Quest Partners LLC’s holdings in Estée Lauder Companies were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EL. Armistice Capital LLC boosted its stake in shares of Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after acquiring an additional 96,239 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Estée Lauder Companies by 40.9% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company’s stock valued at $11,067,000 after purchasing an additional 32,215 shares during the period. Marshall Wace LLP increased its stake in Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after purchasing an additional 1,920,439 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth about $6,043,000. Finally, Transcend Capital Advisors LLC purchased a new stake in Estée Lauder Companies during the second quarter valued at about $558,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Estée Lauder Companies 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 directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg bought 75,500 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the acquisition, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Up 1.1 %

Shares of EL opened at $73.96 on Friday. The firm has a 50 day simple moving average of $81.69 and a two-hundred day simple moving average of $96.89. 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 Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The company has a market cap of $26.55 billion, a P/E ratio of 132.07, a P/E/G ratio of 4.73 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. Research analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

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

Analyst Upgrades and Downgrades

EL has been the subject of several research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $105.00 price target on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Thursday, October 31st. Piper Sandler lifted their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, September 30th. UBS Group reduced their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Finally, Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $98.57.

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.