Brown Shipley& Co Ltd Cuts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Brown Shipley& Co Ltd cut its position in The Estée Lauder Companies Inc. (NYSE:EL) by 5.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,846 shares of the company’s stock after selling 2,317 shares during the quarter. Estée Lauder Companies makes up approximately 1.9% of Brown Shipley& Co Ltd’s investment portfolio, making the stock its 20th largest holding. Brown Shipley& Co Ltd’s holdings in Estée Lauder Companies were worth $3,773,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EL. Rothschild Investment LLC acquired a new stake in shares of Estée Lauder Companies in the 2nd quarter worth $30,000. Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies in the third quarter valued at about $31,000. PARK CIRCLE Co acquired a new stake in Estée Lauder Companies in the second quarter worth about $32,000. Kimelman & Baird LLC purchased a new stake in shares of Estée Lauder Companies during the second quarter worth about $32,000. Finally, Chilton Capital Management LLC increased its holdings in shares of Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 168 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Cowen lowered their target price on shares of 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. Canaccord Genuity Group lowered their price objective 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. Piper Sandler upped their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Wells Fargo & Company cut Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. Finally, Evercore ISI cut their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $98.57.

Estée Lauder Companies Stock Up 1.0 %

EL opened at $73.93 on Thursday. The company has a fifty day moving average of $81.96 and a two-hundred day moving average of $97.05. 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 fifty-two week low of $62.29 and a fifty-two week high of $159.75. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of 132.02, a PEG ratio of 4.73 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. On average, research 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 firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.89%. Estée Lauder Companies’s dividend payout ratio (DPR) is 471.43%.

Insider Activity at Estée Lauder Companies

In other news, Director Paul J. Fribourg acquired 77,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the purchase, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This represents a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred 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 transaction, 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 3.58 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by corporate insiders.

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.