Empowered Funds LLC Acquires 241 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Empowered Funds LLC increased its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 7.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,434 shares of the company’s stock after acquiring an additional 241 shares during the quarter. Empowered Funds LLC’s holdings in Estée Lauder Companies were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Empirical Finance LLC grew its holdings in Estée Lauder Companies by 2.3% during the third quarter. Empirical Finance LLC now owns 8,001 shares of the company’s stock valued at $798,000 after purchasing an additional 179 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in shares of Estée Lauder Companies during the 3rd quarter valued at about $848,000. CIBC Asset Management Inc grew its stake in shares of Estée Lauder Companies by 6.3% during the 3rd quarter. CIBC Asset Management Inc now owns 38,953 shares of the company’s stock valued at $3,883,000 after acquiring an additional 2,299 shares during the period. Impax Asset Management Group plc increased its holdings in Estée Lauder Companies by 21.3% in the 3rd quarter. Impax Asset Management Group plc now owns 83,498 shares of the company’s stock worth $8,324,000 after acquiring an additional 14,688 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC increased its holdings in Estée Lauder Companies by 62.4% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 5,485 shares of the company’s stock worth $547,000 after acquiring an additional 2,108 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. 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 company’s stock in a transaction 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 transaction, the director now directly owns 310,000 shares of the company’s stock, valued at approximately $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. 12.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EL has been the topic of several analyst reports. Piper Sandler upped their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. UBS Group lowered their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft cut their price target 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. Stifel Nicolaus downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Thursday, October 31st. Finally, TD Cowen dropped their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $98.57.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock opened at $72.97 on Tuesday. The company’s 50-day moving average price is $82.54 and its 200-day moving average price is $97.63. 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 market cap of $26.19 billion, a PE ratio of 130.30, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.59 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.92%. Estée Lauder Companies’s payout ratio is presently 471.43%.

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.