Chesley Taft & Associates LLC Has $298,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

Chesley Taft & Associates LLC cut its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,993 shares of the company’s stock after selling 425 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Estée Lauder Companies were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Marshall Wace LLP boosted its position in shares of Estée Lauder Companies by 3,065.6% in the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 shares during the period. Jennison Associates LLC acquired a new stake in Estée Lauder Companies in the 1st quarter worth about $291,171,000. Vanguard Group Inc. boosted its holdings in Estée Lauder Companies by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the period. Independent Franchise Partners LLP grew its position in shares of Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after purchasing an additional 1,066,320 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Estée Lauder Companies during the 1st quarter worth approximately $82,664,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction on 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 sale, 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 corporate insiders.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $93.91 on Wednesday. The stock has a 50-day moving average price of $91.95 and a two-hundred day moving average price of $113.54. 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 PE ratio of 52.76, a P/E/G ratio of 1.46 and a beta of 1.01. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data 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. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company 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 firm posted $0.07 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts expect that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a yield of 2.81%. Estée Lauder Companies’s payout ratio is 148.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EL shares. B. Riley assumed coverage on Estée Lauder Companies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price target for the company. Barclays cut their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Royal Bank of Canada reissued an “outperform” rating and set a $131.00 target price on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Fourteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $120.64.

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.