GDS Wealth Management Sells 8,820 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

GDS Wealth Management reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 12.5% in the 3rd quarter, Holdings Channel reports. The firm owned 61,639 shares of the company’s stock after selling 8,820 shares during the quarter. GDS Wealth Management’s holdings in Estée Lauder Companies were worth $6,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Estée Lauder Companies in the first quarter valued at $35,000. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies during the second quarter worth approximately $30,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies in the second quarter worth approximately $32,000. Kimelman & Baird LLC acquired a new position in Estée Lauder Companies in the second quarter valued at approximately $32,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies during the 3rd quarter worth approximately $31,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Down 3.6 %

Shares of EL opened at $63.90 on Monday. The Estée Lauder Companies Inc. has a 1-year low of $62.88 and a 1-year high of $159.75. The company has a market capitalization of $22.94 billion, a P/E ratio of 114.11, a P/E/G ratio of 3.82 and a beta of 1.05. 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 firm’s 50 day simple moving average is $87.37 and its 200 day simple moving average is $103.12.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data 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 company had revenue of $3.36 billion during 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 revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently disclosed 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 of this dividend is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.19%. Estée Lauder Companies’s dividend payout ratio is 250.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EL shares. Canaccord Genuity Group decreased their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, November 1st. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Wednesday, October 16th. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $113.00 to $74.00 in a research note on Friday, November 1st. Piper Sandler increased their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, TD Cowen lowered 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 stock. According to MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $100.90.

Insider Buying and Selling

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction on Friday, November 1st. The shares were 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 of the company’s stock, valued at $20,045,982.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies 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 transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,296 shares of company stock worth $1,423,366 in the last quarter. 12.78% of the stock is owned by 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.