Choreo LLC Invests $656,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Choreo LLC bought a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 6,222 shares of the company’s stock, valued at approximately $656,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EL. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies during the 1st quarter worth approximately $26,000. Hexagon Capital Partners LLC lifted its stake in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Estée Lauder Companies during the 2nd quarter worth approximately $30,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Finally, Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies during the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EL shares. Telsey Advisory Group reissued a “market perform” rating and set a $115.00 price target on shares of Estée Lauder Companies in a research note on Monday, August 19th. Wells Fargo & Company decreased their price target on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft decreased their target price on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Tuesday, August 20th. Evercore ISI decreased their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Finally, Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $100.00 in a research report on Friday, August 16th. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $121.57.

Estée Lauder Companies Stock Up 0.4 %

Shares of EL stock opened at $84.56 on Friday. The Estée Lauder Companies Inc. has a 1-year low of $82.39 and a 1-year high of $159.75. The stock’s fifty day moving average price is $94.60 and its 200 day moving average price is $120.09. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 1.42 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts expect that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.12%. Estée Lauder Companies’s dividend payout ratio (DPR) is 148.32%.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by company 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.