Northwestern Mutual Wealth Management Co. Boosts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Northwestern Mutual Wealth Management Co. grew its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 6.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,866 shares of the company’s stock after buying an additional 11,431 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.05% of Estée Lauder Companies worth $19,882,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EL. Riverview Trust Co purchased a new stake in Estée Lauder Companies in the 1st quarter valued at $26,000. Hexagon Capital Partners LLC raised its position in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Estée Lauder Companies in the 1st quarter valued at about $35,000. Chilton Capital Management LLC grew its stake in Estée Lauder Companies by 163.0% during the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EL has been the subject of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $130.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, September 24th. 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 report on Tuesday, August 20th. B. Riley initiated coverage on Estée Lauder Companies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target for the company. Bank of America downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $100.00 in a research report on Friday, August 16th. Finally, UBS Group lowered their price objective 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. Fourteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and an average price target of $120.64.

Estée Lauder Companies Trading Down 0.2 %

Estée Lauder Companies stock opened at $99.69 on Tuesday. The firm has a 50-day moving average of $92.33 and a 200-day moving average of $115.33. The Estée Lauder Companies Inc. has a one year low of $82.39 and a one year high of $159.75. 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 $35.75 billion, a price-to-earnings ratio of 56.01, a P/E/G ratio of 1.46 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.80 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.66 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a yield of 2.65%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Insider Transactions at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred 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 transaction, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction 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 transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

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.