The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group lowered its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 30.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,704 shares of the company’s stock after selling 738 shares during the period. Brooklyn Investment Group’s holdings in Estée Lauder Companies were worth $170,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EL. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies in the second quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in Estée Lauder Companies in the 3rd quarter worth about $31,000. PARK CIRCLE Co acquired a new position in shares of Estée Lauder Companies in the second quarter worth about $32,000. Kimelman & Baird LLC purchased a new position in shares of Estée Lauder Companies in the second quarter worth approximately $32,000. Finally, Chilton Capital Management LLC raised its holdings in shares of Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg purchased 75,500 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the purchase, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EL. Canaccord Genuity Group lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. HSBC downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $113.00 to $74.00 in a research note on Friday, November 1st. UBS Group dropped their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $105.00 target price on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.57.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $73.93 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $81.96 and a 200 day moving average price of $97.05. The firm has a market capitalization of $26.54 billion, a PE ratio of 132.02, a price-to-earnings-growth ratio of 4.73 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 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 the consensus estimate of $3.37 billion. During the same quarter last year, the company earned $0.11 EPS. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. Research analysts anticipate that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 471.43%.

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.