Wilmington Savings Fund Society FSB Invests $199,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Wilmington Savings Fund Society FSB acquired a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the third quarter, HoldingsChannel reports. The institutional investor acquired 2,001 shares of the company’s stock, valued at approximately $199,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC purchased a new position in Estée Lauder Companies in the second quarter worth about $210,000. &PARTNERS raised its holdings in Estée Lauder Companies by 164.5% in the 2nd quarter. &PARTNERS now owns 3,574 shares of the company’s stock worth $381,000 after acquiring an additional 2,223 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in Estée Lauder Companies by 17.1% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 10,144 shares of the company’s stock valued at $1,079,000 after acquiring an additional 1,482 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in Estée Lauder Companies by 23.2% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 240,754 shares of the company’s stock valued at $25,616,000 after purchasing an additional 45,325 shares during the last quarter. Finally, Horizon Bancorp Inc. IN increased its holdings in shares of Estée Lauder Companies by 22.3% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock worth $90,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EL shares. JPMorgan Chase & Co. cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $113.00 to $74.00 in a research report on Friday, November 1st. Canaccord Genuity Group dropped their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Morgan Stanley decreased 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 report on Friday, November 1st. Telsey Advisory Group restated a “market perform” rating and issued a $105.00 target price on shares of Estée Lauder Companies in a report on Thursday, October 31st. Finally, Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $98.57.

Estée Lauder Companies Trading Down 4.1 %

Estée Lauder Companies stock opened at $74.96 on Thursday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The firm’s 50 day moving average price is $77.23 and its 200-day moving average price is $91.69. 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 stock has a market cap of $26.91 billion, a P/E ratio of 133.86, a PEG ratio of 5.33 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last announced its quarterly 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 net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 1.46 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s payout ratio is presently 250.00%.

Insider Buying and Selling at Estée Lauder Companies

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

Estée Lauder Companies Company 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.