Partnership Wealth Management LLC Decreases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Partnership Wealth Management LLC lowered its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,696 shares of the company’s stock after selling 506 shares during the period. Estée Lauder Companies comprises 0.8% of Partnership Wealth Management LLC’s portfolio, making the stock its 28th largest position. Partnership Wealth Management LLC’s holdings in Estée Lauder Companies were worth $1,066,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Tradewinds Capital Management LLC lifted its holdings in Estée Lauder Companies by 34.1% in the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock worth $45,000 after acquiring an additional 75 shares during the last quarter. Haverford Trust Co raised its position in shares of Estée Lauder Companies by 2.3% during the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after purchasing an additional 78 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Estée Lauder Companies by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock worth $62,000 after purchasing an additional 82 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Estée Lauder Companies by 11.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after purchasing an additional 90 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

EL has been the subject of several recent analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a research report on Monday, August 19th. DA Davidson reissued a “buy” rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, September 24th. StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Wells Fargo & Company cut their target price on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a research note on Tuesday, August 20th. Fourteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $120.64.

Estée Lauder Companies Stock Down 2.2 %

NYSE EL opened at $93.91 on Wednesday. The Estée Lauder Companies Inc. has a 12 month low of $82.39 and a 12 month high of $159.75. The company has a market capitalization of $33.67 billion, a P/E ratio of 52.76, a PEG ratio of 1.46 and a beta of 1.01. The company’s 50 day simple moving average is $91.84 and its 200 day simple moving average is $113.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Equities research 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 disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued 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 yield of 2.81%. Estée Lauder Companies’s payout ratio is presently 148.31%.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on 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 owns 15,209 shares in the company, valued at approximately $1,423,714.49. This 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 Estée Lauder Companies 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 of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the company’s 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 transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.