The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,124 shares of the company’s stock after purchasing an additional 787 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Estée Lauder Companies were worth $2,405,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EL. Riverview Trust Co bought a new position in Estée Lauder Companies in the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares in the last quarter. Rothschild Investment LLC bought a new stake in Estée Lauder Companies during the second quarter worth approximately $30,000. PARK CIRCLE Co acquired a new stake in Estée Lauder Companies in the second quarter worth approximately $32,000. Finally, Kimelman & Baird LLC acquired a new stake in Estée Lauder Companies in the second quarter worth approximately $32,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EL shares. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 price target on shares of Estée Lauder Companies in a research report on Monday, August 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $140.00 to $100.00 in a research note on Friday, August 16th. B. Riley started coverage on shares of Estée Lauder Companies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Evercore ISI reduced their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. 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, Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus target price of $117.36.

Estée Lauder Companies Trading Down 0.8 %

Shares of NYSE:EL opened at $89.29 on Tuesday. The firm has a fifty day moving average of $91.74 and a two-hundred day moving average of $109.70. The company has a quick ratio of 1.01, a current ratio of 1.39 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 firm has a market capitalization of $32.02 billion, a P/E ratio of 50.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01.

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 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 firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the firm earned $0.07 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed 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. This represents a $2.64 annualized dividend and a yield of 2.96%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s payout ratio is presently 148.31%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The shares were 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related 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 transaction, the director now directly owns 49,800 shares of the company’s stock, 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 is accessible through this link. Also, Director Lynn Forester sold 3,890 shares of the company’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 sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Company 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, and powders, as well as compacts, brushes, and other makeup tools.