The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Independent Franchise Partners LLP

Independent Franchise Partners LLP raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 44.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,466,048 shares of the company’s stock after buying an additional 1,066,320 shares during the quarter. Estée Lauder Companies comprises 3.4% of Independent Franchise Partners LLP’s holdings, making the stock its 16th largest position. Independent Franchise Partners LLP owned 0.97% of Estée Lauder Companies worth $368,788,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Estée Lauder Companies by 113.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 156,583 shares of the company’s stock valued at $22,900,000 after buying an additional 83,320 shares during the last quarter. BNP Paribas purchased a new stake in Estée Lauder Companies during the 1st quarter valued at about $997,000. Transcend Capital Advisors LLC acquired a new position in shares of Estée Lauder Companies in the second quarter valued at about $558,000. Headlands Technologies LLC purchased a new position in shares of Estée Lauder Companies in the second quarter worth about $6,043,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Estée Lauder Companies by 3,477.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 566,180 shares of the company’s stock worth $82,804,000 after purchasing an additional 550,355 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

EL opened at $85.01 on Friday. The firm’s fifty day simple moving average is $92.92 and its two-hundred day simple moving average is $117.95. The Estée Lauder Companies Inc. has a 52-week low of $82.39 and a 52-week high of $159.75. The company has a market cap of $30.48 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 1.42 and a beta of 1.00. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37.

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

Estée Lauder Companies Announces Dividend

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

Analyst Ratings Changes

EL has been the topic of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Raymond James lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Evercore ISI decreased their target price on shares of 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. UBS Group cut their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th. Fourteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $120.27.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 completion of the sale, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly 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 currently owned by insiders.

Estée Lauder Companies 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.