The Estée Lauder Companies Inc. (NYSE:EL) Stake Reduced by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 23.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,250 shares of the company’s stock after selling 705 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Estée Lauder Companies were worth $224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Armistice Capital LLC raised its position in Estée Lauder Companies by 111.8% in the second quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after acquiring an additional 96,239 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its holdings in Estée Lauder Companies by 40.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company’s stock worth $11,067,000 after buying an additional 32,215 shares during the period. Marshall Wace LLP raised its holdings in Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after buying an additional 1,920,439 shares during the period. Headlands Technologies LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth about $6,043,000. Finally, Transcend Capital Advisors LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth about $558,000. 55.15% of the stock is currently owned by institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at $4,578,114. This trade represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on EL. TD Cowen cut their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. 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 research note on Tuesday, August 20th. JPMorgan Chase & Co. lowered shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $113.00 to $74.00 in a research note on Friday, November 1st. Finally, Morgan Stanley reduced their price objective on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $100.90.

Estée Lauder Companies Stock Down 1.7 %

Shares of EL stock opened at $63.75 on Monday. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The firm has a market cap of $22.88 billion, a PE ratio of 113.84, a price-to-earnings-growth ratio of 3.85 and a beta of 1.05. The stock has a 50 day moving average of $84.66 and a 200-day moving average of $100.34. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.20%. Estée Lauder Companies’s payout ratio is 250.00%.

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.