Toronto Dominion Bank Acquires 5,551 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Toronto Dominion Bank lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,614 shares of the company’s stock after acquiring an additional 5,551 shares during the period. Toronto Dominion Bank’s holdings in Estée Lauder Companies were worth $12,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Armistice Capital LLC lifted its holdings in shares of Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after purchasing an additional 96,239 shares in the last quarter. Paloma Partners Management Co boosted its position in shares of Estée Lauder Companies by 729.4% during the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock worth $4,735,000 after buying an additional 41,773 shares during the period. Massachusetts Financial Services Co. MA raised its position in Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its position in Estée Lauder Companies by 40.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company’s stock worth $11,067,000 after acquiring an additional 32,215 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EL shares. UBS Group reduced their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Piper Sandler lifted their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, TD Cowen cut their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $98.57.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 75,500 shares of the stock in a transaction on Monday, November 18th. The stock was acquired 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 approximately $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of NYSE:EL opened at $80.04 on Friday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The stock has a market capitalization of $28.73 billion, a price-to-earnings ratio of 142.93, a price-to-earnings-growth ratio of 5.33 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 company’s 50 day simple moving average is $78.25 and its 200 day simple moving average is $92.85.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the business posted $0.11 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.46 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is 250.00%.

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.