Nomura Asset Management Co. Ltd. Buys 4,915 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Nomura Asset Management Co. Ltd. raised its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,918 shares of the company’s stock after acquiring an additional 4,915 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Estée Lauder Companies were worth $12,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. ORG Partners LLC raised its holdings in shares of Estée Lauder Companies by 1,792.3% in the second quarter. ORG Partners LLC now owns 492 shares of the company’s stock worth $52,000 after buying an additional 466 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Estée Lauder Companies by 4.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,873 shares of the company’s stock valued at $2,008,000 after purchasing an additional 782 shares during the period. Baader Bank Aktiengesellschaft grew its stake in Estée Lauder Companies by 117.6% in the second quarter. Baader Bank Aktiengesellschaft now owns 3,264 shares of the company’s stock worth $341,000 after purchasing an additional 1,764 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in Estée Lauder Companies by 25.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,460 shares of the company’s stock worth $262,000 after purchasing an additional 500 shares during the period. Finally, S.E.E.D. Planning Group LLC raised its position in Estée Lauder Companies by 12.7% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 73,240 shares of the company’s stock valued at $7,793,000 after purchasing an additional 8,247 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $81.22 on Thursday. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75. The business’s 50 day moving average price is $79.17 and its 200 day moving average price is $93.34. 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 firm has a market cap of $29.16 billion, a P/E ratio of 145.04, a P/E/G ratio of 5.14 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently announced 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. This represents a $1.40 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is 250.00%.

Insider Activity at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value 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 $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Fribourg bought 75,500 shares of Estée Lauder Companies stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the purchase, the director now owns 310,000 shares in the company, 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 company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on EL shares. Evercore ISI dropped their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Telsey Advisory Group reissued a “market perform” rating and set a $105.00 price objective on shares of Estée Lauder Companies in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 4th. StockNews.com downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, TD Cowen cut their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.