Bard Financial Services Inc. Buys Shares of 14,830 The Estée Lauder Companies Inc. (NYSE:EL)

Bard Financial Services Inc. bought a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,830 shares of the company’s stock, valued at approximately $1,478,000.

Several other institutional investors have also recently added to or reduced their stakes in EL. Tradewinds Capital Management LLC lifted its holdings in Estée Lauder Companies by 34.1% in the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock worth $45,000 after purchasing an additional 75 shares during the period. Haverford Trust Co lifted its holdings in Estée Lauder Companies by 2.3% in the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after purchasing an additional 78 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Estée Lauder Companies by 25.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock worth $62,000 after purchasing an additional 82 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in Estée Lauder Companies by 11.9% in the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock worth $131,000 after purchasing an additional 90 shares during the period. Finally, Hexagon Capital Partners LLC raised its position in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EL. B. Riley began coverage on shares of Estée Lauder Companies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price target on the stock. StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group lowered their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Citigroup decreased their target price on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Finally, Barclays decreased their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Fourteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and an average price target of $120.64.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s 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 sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded up $0.45 during midday trading on Friday, hitting $95.86. 2,269,396 shares of the company’s stock were exchanged, compared to its average volume of 3,218,974. The Estée Lauder Companies Inc. has a 52-week low of $82.39 and a 52-week high of $159.75. The stock has a 50-day moving average price of $92.04 and a two-hundred day moving average price of $114.34. 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 $34.37 billion, a P/E ratio of 53.86, a PEG ratio of 1.46 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the company posted $0.07 EPS. Estée Lauder Companies’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 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.