The Estée Lauder Companies Inc. (NYSE:EL) Holdings Raised by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 11,769.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,700 shares of the company’s stock after purchasing an additional 52,256 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Estée Lauder Companies were worth $5,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riverview Trust Co bought a new stake in Estée Lauder Companies in the first quarter worth about $26,000. Hexagon Capital Partners LLC raised its position 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. Rothschild Investment LLC bought a new stake in Estée Lauder Companies in the second quarter worth about $30,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies in the second quarter worth about $32,000. Finally, Kimelman & Baird LLC bought a new stake in Estée Lauder Companies in the second quarter worth about $32,000. 55.15% of the stock is currently owned by institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies 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 transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies 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 transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EL shares. JPMorgan Chase & Co. dropped their price target on shares of Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. DA Davidson reissued a “buy” rating and issued a $130.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, September 24th. Citigroup decreased their price objective on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. UBS Group cut their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Finally, Barclays reduced their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Fourteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $120.64.

Estée Lauder Companies Stock Up 0.5 %

EL opened at $95.86 on Friday. The business has a 50-day moving average of $92.04 and a 200-day moving average of $114.12. 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 Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The company has a market capitalization of $34.37 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data 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 return on equity of 16.91% and a net margin of 2.50%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the business earned $0.07 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s payout ratio is 148.31%.

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.