U S Global Investors Inc. Raises Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

U S Global Investors Inc. grew its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 500.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. U S Global Investors Inc.’s holdings in Estée Lauder Companies were worth $598,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in Estée Lauder Companies in the first quarter worth $26,000. Hexagon Capital Partners LLC lifted its position in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the last quarter. Crewe Advisors LLC bought a new stake in Estée Lauder Companies in the first quarter worth $35,000. Chilton Capital Management LLC increased its stake in Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after acquiring an additional 261 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EL. DA Davidson reaffirmed a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, October 15th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. UBS Group cut their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Finally, Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $117.36.

Estée Lauder Companies Stock Performance

EL stock traded down $0.27 during midday trading on Tuesday, reaching $88.99. The company had a trading volume of 140,831 shares, compared to its average volume of 3,187,020. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average price of $91.74 and a 200 day moving average price of $109.70. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The firm has a market capitalization of $31.91 billion, a PE ratio of 50.16, a P/E/G ratio of 1.58 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. Analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s payout ratio is 148.31%.

Insider Buying and Selling

In related news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Lynn Forester sold 3,890 shares of the firm’s 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 completion of the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’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 completion of the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by insiders.

About Estée Lauder Companies

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.