The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 31.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,006 shares of the company’s stock after buying an additional 1,210 shares during the period. Maxwell Wealth Strategies Inc.’s holdings in Estée Lauder Companies were worth $499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Armistice Capital LLC raised its holdings in shares of Estée Lauder Companies by 111.8% in the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after purchasing an additional 96,239 shares during the period. Marshall Wace LLP increased its position in Estée Lauder Companies by 3,065.6% during the 2nd 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 in the last quarter. Headlands Technologies LLC purchased a new position in Estée Lauder Companies in the second quarter valued at approximately $6,043,000. ICICI Prudential Asset Management Co Ltd lifted its position in Estée Lauder Companies by 40.9% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company’s stock valued at $11,067,000 after buying an additional 32,215 shares in the last quarter. Finally, Transcend Capital Advisors LLC purchased a new stake in Estée Lauder Companies during the second quarter worth approximately $558,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL opened at $63.75 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a market cap of $22.88 billion, a price-to-earnings ratio of 113.91, a PEG ratio of 3.80 and a beta of 1.05. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75. The stock has a 50 day moving average of $84.66 and a 200-day moving average of $100.85.

Estée Lauder Companies (NYSE:EL) last issued its earnings results 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 company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is presently 471.43%.

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 20.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction 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 transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,296 shares of company stock valued at $1,423,366 in the last quarter. Company insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EL. Wells Fargo & Company downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $105.00 to $72.00 in a research note on Thursday, October 31st. Royal Bank of Canada reduced their price objective on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Wednesday, October 16th. Raymond James lowered Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Finally, Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.90.

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.