Lido Advisors LLC Has $3.20 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Lido Advisors LLC increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 311.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,310 shares of the company’s stock after buying an additional 12,346 shares during the quarter. Lido Advisors LLC’s holdings in Estée Lauder Companies were worth $3,203,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EL. Van ECK Associates Corp lifted its stake in Estée Lauder Companies by 931.4% during the second quarter. Van ECK Associates Corp now owns 746,911 shares of the company’s stock worth $146,679,000 after purchasing an additional 674,497 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Estée Lauder Companies by 56.1% during the first quarter. Summit Trail Advisors LLC now owns 1,339 shares of the company’s stock worth $330,000 after purchasing an additional 481 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Estée Lauder Companies by 8.9% during the second quarter. Mackenzie Financial Corp now owns 557,284 shares of the company’s stock worth $110,342,000 after purchasing an additional 45,722 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Estée Lauder Companies by 11.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 333,996 shares of the company’s stock valued at $65,590,000 after acquiring an additional 33,458 shares during the last quarter. Finally, Lincoln National Corp lifted its stake in shares of Estée Lauder Companies by 38.6% in the 1st quarter. Lincoln National Corp now owns 3,186 shares of the company’s stock valued at $785,000 after acquiring an additional 887 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jane Lauder sold 12,661 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $152.75, for a total value of $1,933,967.75. Following the sale, the executive vice president now owns 55,800 shares of the company’s stock, valued at approximately $8,523,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Charlene Barshefsky sold 1,796 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.93, for a total value of $272,866.28. Following the completion of the transaction, the director now directly owns 48,845 shares in the company, valued at approximately $7,421,020.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jane Lauder sold 12,661 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $152.75, for a total transaction of $1,933,967.75. Following the completion of the transaction, the executive vice president now owns 55,800 shares of the company’s stock, valued at $8,523,450. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group dropped their price target on Estée Lauder Companies from $207.00 to $172.00 and set a “neutral” rating for the company in a research note on Tuesday, August 22nd. Bank of America decreased their price target on Estée Lauder Companies from $175.00 to $148.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. Jefferies Financial Group downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $270.00 to $190.00 in a report on Thursday, July 27th. Berenberg Bank downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $224.00 to $118.00 in a report on Friday, November 3rd. Finally, Sanford C. Bernstein downgraded Estée Lauder Companies from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $230.00 to $160.00 in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $178.48.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $122.84 on Wednesday. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $283.62. The company’s 50 day moving average price is $137.45 and its two-hundred day moving average price is $168.10. The company has a quick ratio of 0.97, a current ratio of 1.45 and a debt-to-equity ratio of 1.33. The stock has a market cap of $43.96 billion, a P/E ratio of 80.82, a P/E/G ratio of 3.20 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, November 1st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.33. Estée Lauder Companies had a net margin of 3.54% and a return on equity of 13.93%. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the firm earned $1.37 EPS. The company’s quarterly revenue was down 10.6% compared to the same quarter last year. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 2.3 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.15%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 173.69%.

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.