Partnership Wealth Management LLC Acquires 3,235 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Partnership Wealth Management LLC grew its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 30.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,931 shares of the company’s stock after acquiring an additional 3,235 shares during the period. Partnership Wealth Management LLC’s holdings in Estée Lauder Companies were worth $1,045,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies in the third quarter valued at approximately $31,000. Kimelman & Baird LLC bought a new position in Estée Lauder Companies in the 2nd quarter worth $32,000. Ecofi Investissements SA acquired a new position in Estée Lauder Companies during the 2nd quarter worth $53,000. Rakuten Securities Inc. boosted its holdings in Estée Lauder Companies by 752.9% during the third quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock valued at $58,000 after acquiring an additional 512 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EL shares. JPMorgan Chase & Co. cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $113.00 to $74.00 in a research report on Friday, November 1st. Royal Bank of Canada cut their price target on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen lowered their price objective on shares of 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. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and an average price target of $96.50.

Insider Activity at Estée Lauder Companies

In other news, Director Paul J. Fribourg acquired 75,500 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the acquisition, the director now directly owns 310,000 shares in the company, valued at $20,128,300. The trade was a 32.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded down $0.42 during trading hours on Wednesday, hitting $73.75. 2,341,117 shares of the stock were exchanged, compared to its average volume of 2,914,370. The stock has a market capitalization of $26.47 billion, a P/E ratio of 131.70, a P/E/G ratio of 5.33 and a beta of 1.02. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The business’s 50-day moving average is $72.72 and its two-hundred day moving average is $87.30.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Equities research analysts expect that The Estée Lauder Companies Inc. will post 1.46 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.35 per share. The ex-dividend date was Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.90%. Estée Lauder Companies’s payout ratio is currently 250.00%.

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.