The Estée Lauder Companies Inc. (NYSE:EL) Stock Position Raised by Newfound Research LLC

Newfound Research LLC lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 23.3% in the 3rd quarter, Holdings Channel reports. The fund owned 180 shares of the company’s stock after buying an additional 34 shares during the period. Newfound Research LLC’s holdings in Estée Lauder Companies were worth $54,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $25,000. PNC Managed Account Solutions Inc. acquired a new position in Estée Lauder Companies in the 2nd quarter valued at approximately $29,000. Eagle Bay Advisors LLC acquired a new position in Estée Lauder Companies in the 2nd quarter valued at approximately $33,000. Penserra Capital Management LLC acquired a new position in Estée Lauder Companies in the 2nd quarter valued at approximately $38,000. Finally, Alpha Paradigm Partners LLC acquired a new position in Estée Lauder Companies in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

EL traded down $0.55 during midday trading on Thursday, hitting $349.21. The company had a trading volume of 1,016,493 shares, compared to its average volume of 1,214,020. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.29 and a current ratio of 1.78. The company has a market capitalization of $125.70 billion, a PE ratio of 42.33, a P/E/G ratio of 4.24 and a beta of 0.99. The Estée Lauder Companies Inc. has a twelve month low of $231.97 and a twelve month high of $357.82. The firm’s 50-day simple moving average is $327.00 and its 200-day simple moving average is $321.23.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, November 2nd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.22. Estée Lauder Companies had a net margin of 17.83% and a return on equity of 43.78%. During the same period in the previous year, the firm posted $1.44 earnings per share. As a group, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 7.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Tuesday, November 30th will be given a dividend of $0.60 per share. This is a boost from Estée Lauder Companies’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Monday, November 29th. This represents a $2.40 annualized dividend and a dividend yield of 0.69%. Estée Lauder Companies’s payout ratio is currently 25.70%.

EL has been the topic of several research reports. Evercore ISI upped their price objective on shares of Estée Lauder Companies from $355.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, August 20th. Credit Suisse Group upped their price objective on shares of Estée Lauder Companies from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, August 20th. Raymond James upped their price objective on shares of Estée Lauder Companies from $375.00 to $390.00 and gave the company a “strong-buy” rating in a research note on Wednesday, November 3rd. Stifel Nicolaus increased their price target on shares of Estée Lauder Companies from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 20th. Finally, DA Davidson increased their price target on shares of Estée Lauder Companies from $393.00 to $439.00 and gave the stock a “buy” rating in a research note on Wednesday, November 3rd. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $347.18.

In related news, Vice Chairman Sara E. Moss sold 3,451 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, September 2nd. The shares were sold at an average price of $342.56, for a total transaction of $1,182,174.56. Following the transaction, the insider now owns 8,099 shares of the company’s stock, valued at approximately $2,774,393.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carl P. Haney sold 1,500 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $336.66, for a total transaction of $504,990.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,088,964 shares of company stock valued at $714,739,430. 12.91% of the stock is owned by corporate insiders.

Estée Lauder Companies Profile

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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