The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Stonebrook Private Inc.

Stonebrook Private Inc. lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,418 shares of the company’s stock after purchasing an additional 334 shares during the quarter. Stonebrook Private Inc.’s holdings in Estée Lauder Companies were worth $257,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Estée Lauder Companies in the 4th quarter worth approximately $518,975,000. Jennison Associates LLC acquired a new stake in Estée Lauder Companies in the first quarter valued at $291,171,000. Vanguard Group Inc. increased its position in shares of Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after buying an additional 1,250,555 shares in the last quarter. Carmignac Gestion increased its position in shares of Estée Lauder Companies by 1,908.0% in the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after buying an additional 1,136,201 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Estée Lauder Companies by 32.6% during the 4th quarter. Clearbridge Investments LLC now owns 3,022,816 shares of the company’s stock worth $442,087,000 after buying an additional 742,449 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EL shares. DA Davidson reissued a “buy” rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, September 3rd. Telsey Advisory Group restated a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft lowered their target price on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th. JPMorgan Chase & Co. cut their price target on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Finally, Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $122.77.

Estée Lauder Companies Stock Down 2.9 %

EL opened at $87.50 on Friday. The Estée Lauder Companies Inc. has a 1 year low of $86.05 and a 1 year high of $159.75. The firm has a 50 day moving average price of $96.71 and a 200 day moving average price of $122.29. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The company has a market cap of $31.37 billion, a PE ratio of 49.16, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 3.02%. Estée Lauder Companies’s payout ratio is currently 148.31%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.