Bellwether Advisors LLC Invests $834,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Bellwether Advisors LLC purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,367 shares of the company’s stock, valued at approximately $834,000.

Other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies during the second quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies in the 3rd quarter valued at $31,000. PARK CIRCLE Co bought a new position in Estée Lauder Companies during the 2nd quarter worth $32,000. Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the second quarter worth $32,000. Finally, Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies in the first quarter valued at about $35,000. Institutional investors own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction 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 transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg purchased 77,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 18,296 shares of company stock worth $1,423,366 over the last three months. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies Trading Down 0.2 %

EL opened at $64.63 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company’s 50 day moving average price is $83.81 and its two-hundred day moving average price is $99.36. The firm has a market capitalization of $23.20 billion, a price-to-earnings ratio of 115.72, a PEG ratio of 3.85 and a beta of 1.05.

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

Estée Lauder Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 471.43%.

Analysts Set New Price Targets

Several analysts have weighed in on EL shares. Morgan Stanley dropped 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. Royal Bank of Canada cut their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Hsbc Global Res cut shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. TD Cowen reduced their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $105.00 price objective on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $100.90.

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.