The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Bessemer Securities LLC

Bessemer Securities LLC lifted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 7.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,792 shares of the company’s stock after acquiring an additional 127 shares during the period. Bessemer Securities LLC’s holdings in Estée Lauder Companies were worth $352,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EL. WealthPLAN Partners LLC acquired a new stake in shares of Estée Lauder Companies during the first quarter worth $31,000. Arlington Partners LLC raised its position in shares of Estée Lauder Companies by 378.4% in the 2nd quarter. Arlington Partners LLC now owns 177 shares of the company’s stock worth $35,000 after buying an additional 140 shares during the period. Chilton Capital Management LLC purchased a new position in shares of Estée Lauder Companies in the 1st quarter worth $37,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of Estée Lauder Companies in the 2nd quarter worth $43,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Estée Lauder Companies in the 1st quarter worth $45,000. 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 the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $152.75, for a total transaction of $1,933,967.75. Following the sale, the executive vice president now owns 55,800 shares of the company’s stock, valued at $8,523,450. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Charlene Barshefsky sold 1,796 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.93, for a total transaction of $272,866.28. Following the sale, the director now owns 48,845 shares of the company’s stock, valued at $7,421,020.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jane Lauder sold 12,661 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 55,800 shares in the company, valued at approximately $8,523,450. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank of Canada lowered Estée Lauder Companies from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $195.00 to $115.00 in a research report on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $206.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 21st. Bank of America cut their price objective on Estée Lauder Companies from $175.00 to $148.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. Berenberg Bank lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $224.00 to $118.00 in a research report on Friday, November 3rd. Finally, UBS Group decreased 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. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $178.48.

Estée Lauder Companies Stock Performance

EL opened at $122.45 on Tuesday. The business’s 50 day moving average is $134.97 and its 200-day moving average is $165.28. The stock has a market cap of $43.82 billion, a PE ratio of 80.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.08. The company has a current ratio of 1.45, a quick ratio of 0.97 and a debt-to-equity ratio of 1.33. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $283.62.

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

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.64 annualized dividend and a yield of 2.16%. Estée Lauder Companies’s payout ratio is 173.68%.

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.