Edgestream Partners L.P. Sells 11,642 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Edgestream Partners L.P. trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 63.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,682 shares of the company’s stock after selling 11,642 shares during the period. Edgestream Partners L.P.’s holdings in Estée Lauder Companies were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

EL has been the topic of a number of recent analyst reports. B. Riley began coverage on shares of Estée Lauder Companies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $131.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Evercore ISI lowered their price target on 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. Wells Fargo & Company cut their price objective on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. decreased their target price 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. Fourteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus target price of $120.27.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $85.01 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a 12-month low of $82.39 and a 12-month high of $159.75. The business’s 50 day moving average is $92.92 and its two-hundred day moving average is $117.95. The company 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.

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 firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. Analysts expect that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business 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. 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 (DPR) is presently 148.31%.

Insider Activity at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the firm’s 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 owns 15,209 shares in the company, valued at $1,423,714.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction dated 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 in the company, valued at $1,423,714.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the business’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 transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

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