The Estée Lauder Companies Inc. (NYSE:EL) Holdings Raised by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,737 shares of the company’s stock after acquiring an additional 2,493 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Estée Lauder Companies were worth $2,313,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Virtu Financial LLC grew its stake in Estée Lauder Companies by 148.3% in the second quarter. Virtu Financial LLC now owns 63,321 shares of the company’s stock valued at $6,737,000 after purchasing an additional 37,820 shares in the last quarter. GDS Wealth Management grew its stake in shares of Estée Lauder Companies by 17.2% in the 2nd quarter. GDS Wealth Management now owns 70,459 shares of the company’s stock valued at $7,497,000 after buying an additional 10,320 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in Estée Lauder Companies in the second quarter worth approximately $6,322,000. Savoir Faire Capital Management L.P. raised its position in Estée Lauder Companies by 208.3% during the second quarter. Savoir Faire Capital Management L.P. now owns 32,309 shares of the company’s stock valued at $3,438,000 after acquiring an additional 21,829 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Estée Lauder Companies in the second quarter valued at approximately $33,569,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EL shares. Wells Fargo & Company dropped their price target on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. B. Riley assumed coverage on shares of Estée Lauder Companies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 target price on the stock. UBS Group reduced their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Stifel Nicolaus lowered their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $120.27.

Insider Buying and Selling

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the company’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 directly owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $87.44 on Friday. The Estée Lauder Companies Inc. has a 12 month low of $82.39 and a 12 month high of $159.75. The company has a market capitalization of $31.35 billion, a P/E ratio of 49.12, a P/E/G ratio of 1.42 and a beta of 1.00. The stock has a 50 day moving average of $93.29 and a two-hundred day moving average of $118.59. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

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

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a yield of 3.02%. Estée Lauder Companies’s payout ratio is currently 148.31%.

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.