Vanguard Personalized Indexing Management LLC Decreases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Vanguard Personalized Indexing Management LLC lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,915 shares of the company’s stock after selling 2,147 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Estée Lauder Companies were worth $1,768,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EL. Virtu Financial LLC raised its position in shares of Estée Lauder Companies by 148.3% in the 2nd 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 raised its position 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 purchasing an additional 10,320 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $6,322,000. Savoir Faire Capital Management L.P. raised its position in shares of Estée Lauder Companies by 208.3% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 32,309 shares of the company’s stock valued at $3,438,000 after purchasing an additional 21,829 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $33,569,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Down 2.8 %

NYSE:EL opened at $85.01 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 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 business has a fifty day moving average of $92.92 and a 200-day moving average of $117.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

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, 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 company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

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

Insider Activity at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’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 completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on 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 transaction, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EL. B. Riley began coverage on Estée Lauder Companies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target on the stock. Stifel Nicolaus dropped their price target on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Citigroup dropped their price target on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. The Goldman Sachs Group dropped their price target on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. Fourteen investment analysts have rated the stock with a hold rating and nine 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 $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.