Sompo Asset Management Co. Ltd. Sells 1,290 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Sompo Asset Management Co. Ltd. lowered its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 14.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,760 shares of the company’s stock after selling 1,290 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Estée Lauder Companies were worth $826,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EL. Summit Trail Advisors LLC grew its holdings in shares of Estée Lauder Companies by 54.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,208 shares of the company’s stock valued at $341,000 after purchasing an additional 1,129 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Estée Lauder Companies by 30.9% during the second quarter. Pacer Advisors Inc. now owns 20,615 shares of the company’s stock worth $2,193,000 after buying an additional 4,872 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Estée Lauder Companies by 46.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 772,027 shares of the company’s stock valued at $82,144,000 after acquiring an additional 245,600 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Estée Lauder Companies by 773.1% during the 2nd quarter. XTX Topco Ltd now owns 20,221 shares of the company’s stock valued at $2,152,000 after acquiring an additional 17,905 shares in the last quarter. Finally, Seven Eight Capital LP grew its position in Estée Lauder Companies by 150.0% during the 2nd quarter. Seven Eight Capital LP now owns 61,004 shares of the company’s stock worth $6,491,000 after acquiring an additional 36,603 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the 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 completion of 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 is available at this link. In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on 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 approximately $4,578,114. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Forester sold 3,890 shares of the firm’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 of the company’s stock, valued at approximately $1,423,714.49. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Estée Lauder Companies Stock Down 2.8 %

Shares of NYSE EL opened at $85.01 on Friday. 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 50-day moving average price of $92.92 and a 200-day moving average price of $118.15. The stock has a market capitalization of $30.48 billion, a P/E ratio of 47.76, a P/E/G ratio of 1.42 and a beta of 1.00. The Estée Lauder Companies Inc. has a 1 year low of $82.39 and a 1 year high of $159.75.

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

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 3.11%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Morgan Stanley cut their target price on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. DA Davidson restated a “buy” rating and issued a $130.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, September 3rd. Citigroup cut their price target on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, Bank of America downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $100.00 in a report on Friday, August 16th. Fourteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $120.27.

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.