Bleakley Financial Group LLC Has $563,000 Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Bleakley Financial Group LLC lowered its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 83.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,647 shares of the company’s stock after selling 28,871 shares during the quarter. Bleakley Financial Group LLC’s holdings in Estée Lauder Companies were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. nVerses Capital LLC grew its stake in shares of Estée Lauder Companies by 676.9% in the third quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $1,007,000 after acquiring an additional 8,800 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Estée Lauder Companies by 22.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 349,173 shares of the company’s stock worth $34,809,000 after buying an additional 64,688 shares in the last quarter. Harrell Investment Partners LLC lifted its holdings in Estée Lauder Companies by 9.3% during the 3rd quarter. Harrell Investment Partners LLC now owns 6,761 shares of the company’s stock valued at $674,000 after purchasing an additional 575 shares during the last quarter. Northcape Capital Pty Ltd bought a new stake in shares of Estée Lauder Companies during the third quarter worth $571,000. Finally, Douglas Lane & Associates LLC grew its stake in shares of Estée Lauder Companies by 51.7% during the third quarter. Douglas Lane & Associates LLC now owns 344,610 shares of the company’s stock valued at $34,354,000 after purchasing an additional 117,447 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EL. Telsey Advisory Group restated a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a report on Monday, August 19th. HSBC downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research report on Wednesday, October 16th. UBS Group dropped their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Evercore ISI decreased their price objective on shares of 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. Finally, Stifel Nicolaus dropped their target price on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and an average target price of $117.36.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Lynn Forester sold 3,890 shares of the business’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 transaction of $364,142.90. Following the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $89.29 on Tuesday. The company has a market capitalization of $32.02 billion, a P/E ratio of 50.16, a P/E/G ratio of 1.58 and a beta of 1.01. 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 one year low of $82.39 and a one year high of $159.75. The company’s 50-day simple moving average is $91.74 and its two-hundred day simple moving average is $109.70.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. Estée Lauder Companies’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

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