Oak Harbor Wealth Partners LLC Raises Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Oak Harbor Wealth Partners LLC grew its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 62.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,485 shares of the company’s stock after buying an additional 2,108 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Estée Lauder Companies were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Empowered Funds LLC grew its position in shares of Estée Lauder Companies by 26.5% during the first quarter. Empowered Funds LLC now owns 2,775 shares of the company’s stock worth $428,000 after purchasing an additional 582 shares in the last quarter. Sei Investments Co. grew its position in shares of Estée Lauder Companies by 20.3% during the first quarter. Sei Investments Co. now owns 90,931 shares of the company’s stock worth $14,017,000 after purchasing an additional 15,348 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of Estée Lauder Companies by 4.6% during the first quarter. Avantax Advisory Services Inc. now owns 3,643 shares of the company’s stock worth $562,000 after purchasing an additional 160 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Estée Lauder Companies by 6.4% during the first quarter. Orion Portfolio Solutions LLC now owns 5,779 shares of the company’s stock worth $891,000 after purchasing an additional 347 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Estée Lauder Companies during the first quarter worth about $218,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction 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 transaction, 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 can be accessed through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The shares were 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 in the company, valued at $4,578,114. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,296 shares of company stock worth $1,423,366 in the last ninety days. 12.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

EL has been the subject of several research analyst reports. Royal Bank of Canada cut their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Raymond James cut Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Barclays cut their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a report on Wednesday, October 16th. Finally, UBS Group cut their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $64.82 on Friday. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. 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 firm has a market capitalization of $23.27 billion, a P/E ratio of 115.75, a P/E/G ratio of 3.80 and a beta of 1.05. The stock has a 50 day moving average price of $85.64 and a 200 day moving average price of $101.68.

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 analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 2.16%. Estée Lauder Companies’s payout ratio is currently 471.43%.

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.