The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. raised its position in The Estée Lauder Companies Inc. (NYSE:EL) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,960 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Estée Lauder Companies were worth $794,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Meridian Wealth Management LLC bought a new stake in Estée Lauder Companies during the 3rd quarter valued at $307,000. Biltmore Family Office LLC increased its holdings in shares of Estée Lauder Companies by 7.8% during the third quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock valued at $237,000 after purchasing an additional 171 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Estée Lauder Companies by 37.8% during the third quarter. Eagle Asset Management Inc. now owns 7,199 shares of the company’s stock valued at $718,000 after purchasing an additional 1,974 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Estée Lauder Companies by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,338,581 shares of the company’s stock worth $133,443,000 after purchasing an additional 35,364 shares during the period. Finally, Massachusetts Financial Services Co. MA grew 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 in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $69.93 on Friday. The stock’s fifty day simple moving average is $82.78 and its 200-day simple moving average is $98.26. The company has a market capitalization of $25.10 billion, a price-to-earnings ratio of 124.88, a P/E/G ratio of 4.04 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its 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 company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.00%. Estée Lauder Companies’s dividend payout ratio is presently 471.43%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America dropped their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their target price on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, November 4th. DA Davidson reiterated a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a research report on Wednesday. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Finally, Royal Bank of Canada decreased their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $98.57.

Insiders Place Their Bets

In related news, 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 value of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

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.