The Estée Lauder Companies Inc. (NYSE:EL) Holdings Raised by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1,931.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,622 shares of the company’s stock after purchasing an additional 6,296 shares during the period. Exchange Traded Concepts LLC’s holdings in Estée Lauder Companies were worth $660,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt raised its position in Estée Lauder Companies by 294.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,010 shares of the company’s stock valued at $200,000 after buying an additional 1,500 shares during the period. BSN CAPITAL PARTNERS Ltd acquired a new position in Estée Lauder Companies during the third quarter valued at $14,589,000. CWM LLC raised its position in Estée Lauder Companies by 28.7% during the third quarter. CWM LLC now owns 4,930 shares of the company’s stock valued at $491,000 after buying an additional 1,099 shares during the period. Trium Capital LLP raised its position in Estée Lauder Companies by 194.9% during the third quarter. Trium Capital LLP now owns 24,911 shares of the company’s stock valued at $2,483,000 after buying an additional 16,463 shares during the period. Finally, Boit C F David acquired a new position in Estée Lauder Companies during the third quarter valued at $340,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’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 owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’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 owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $90.04 on Friday. The business has a 50 day moving average price of $91.68 and a 200 day moving average price of $110.64. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75. The company has a market cap of $32.29 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 1.58 and a beta of 1.01. 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 announced its 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 return on equity of 16.91% and a net margin of 2.50%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research 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 disclosed 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 dividend yield of 2.93%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EL shares. StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Evercore ISI dropped their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Citigroup dropped their target price 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. Wells Fargo & Company dropped their target price on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Finally, Barclays dropped their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Sixteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $117.36.

About Estée Lauder Companies

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, and powders, as well as compacts, brushes, and other makeup tools.