CVA Family Office LLC Raises Position in The Estée Lauder Companies Inc. (NYSE:EL)

CVA Family Office LLC lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 392.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,271 shares of the company’s stock after buying an additional 1,013 shares during the quarter. CVA Family Office LLC’s holdings in Estée Lauder Companies were worth $127,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Estée Lauder Companies by 6.4% during the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after purchasing an additional 1,250,555 shares in the last quarter. Independent Franchise Partners LLP boosted its position in Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after buying an additional 1,066,320 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Estée Lauder Companies by 4.6% during the first quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock valued at $487,612,000 after acquiring an additional 140,416 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Estée Lauder Companies by 12.0% during the second quarter. Van ECK Associates Corp now owns 2,962,985 shares of the company’s stock worth $315,262,000 after acquiring an additional 318,257 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake 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 worth $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on EL. Stifel Nicolaus dropped their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Canaccord Genuity Group reiterated a “hold” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $131.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Finally, Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $140.00 to $100.00 in a research report on Friday, August 16th. Fourteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.00.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business’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 transaction of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, 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 document filed with the SEC, which is accessible through this link. Also, 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 of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $96.10 on Monday. The firm’s 50 day moving average is $91.69 and its two-hundred day moving average is $112.21. The firm has a market capitalization of $34.46 billion, a P/E ratio of 53.99, a PEG ratio of 1.58 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. The Estée Lauder Companies Inc. has a 52 week low of $82.39 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 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 firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.66 per share. The ex-dividend date was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.75%. Estée Lauder Companies’s dividend payout ratio (DPR) is 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.