IHT Wealth Management LLC Purchases Shares of 4,574 The Estée Lauder Companies Inc. (NYSE:EL)

IHT Wealth Management LLC purchased a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,574 shares of the company’s stock, valued at approximately $455,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares during the period. Marshall Wace LLP raised its position in shares of 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 buying an additional 1,920,439 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Estée Lauder Companies by 36.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after acquiring an additional 1,078,926 shares during the period. Independent Franchise Partners LLP lifted its stake in shares of Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after acquiring an additional 1,066,320 shares during the period. Finally, Nuance Investments LLC boosted its holdings in shares of Estée Lauder Companies by 1,127.5% in the third quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock valued at $105,580,000 after acquiring an additional 972,799 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Up 1.5 %

Shares of Estée Lauder Companies stock opened at $79.32 on Monday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The company has a market cap of $28.47 billion, a P/E ratio of 141.64, a P/E/G ratio of 5.14 and a beta of 1.05. 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 stock has a 50-day moving average price of $79.82 and a 200 day moving average price of $93.96.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

EL has been the topic of several recent analyst reports. Canaccord Genuity Group cut their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $105.00 to $72.00 in a report on Thursday, October 31st. Evercore ISI lowered their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Hsbc Global Res cut shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada reduced their price objective on shares of 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. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $98.57.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were 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 of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg purchased 75,500 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the purchase, the director now owns 310,000 shares in the company, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The disclosure for this purchase 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.