Quantbot Technologies LP Acquires 5,676 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Quantbot Technologies LP boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,773 shares of the company’s stock after buying an additional 5,676 shares during the quarter. Estée Lauder Companies makes up approximately 0.4% of Quantbot Technologies LP’s investment portfolio, making the stock its 25th biggest holding. Quantbot Technologies LP’s holdings in Estée Lauder Companies were worth $10,146,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares in the last quarter. Van ECK Associates Corp lifted its position in Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after acquiring an additional 1,078,926 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in Estée Lauder Companies by 44.4% in the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after acquiring an additional 1,066,320 shares in the last quarter. Marshall Wace LLP grew its holdings in 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 purchasing an additional 1,920,439 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Estée Lauder Companies by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,338,581 shares of the company’s stock worth $133,443,000 after purchasing an additional 35,364 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EL shares. Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. B. Riley decreased their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, Canaccord Genuity Group decreased their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a report on Friday, November 1st. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $98.57.

Insider Activity

In other news, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the acquisition, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

NYSE:EL opened at $72.97 on Tuesday. The company has a 50 day moving average price of $82.54 and a 200-day moving average price of $97.63. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of 130.30, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

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

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is 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.