Zevin Asset Management LLC Increases Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Zevin Asset Management LLC boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 9.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 80,034 shares of the company’s stock after buying an additional 6,676 shares during the quarter. Zevin Asset Management LLC’s holdings in Estée Lauder Companies were worth $7,979,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC increased its stake in shares of Estée Lauder Companies by 6.3% in the second quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock worth $228,000 after purchasing an additional 127 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its position in shares of Estée Lauder Companies by 2.1% in the second quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock valued at $756,000 after acquiring an additional 145 shares during the period. Farther Finance Advisors LLC grew its stake in Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares in the last quarter. Horizon Bancorp Inc. IN increased its holdings in Estée Lauder Companies by 22.3% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock worth $90,000 after acquiring an additional 154 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in Estée Lauder Companies by 4.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,643 shares of the company’s stock worth $562,000 after purchasing an additional 160 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Trading Down 1.7 %

Shares of EL stock opened at $63.75 on Monday. 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 Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The stock has a market capitalization of $22.88 billion, a P/E ratio of 113.84, a P/E/G ratio of 3.85 and a beta of 1.05. The firm’s 50 day moving average is $84.66 and its 200 day moving average is $100.34.

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

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.20%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 250.00%.

Insider Activity at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The trade was a 20.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EL shares. Royal Bank of Canada reduced their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Canaccord Genuity Group reduced their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $113.00 to $74.00 in a report on Friday, November 1st. B. Riley decreased their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 target price on shares of Estée Lauder Companies in a report on Thursday, October 31st. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $100.90.

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.