Forsta AP Fonden Has $5.13 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Forsta AP Fonden raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 51,490 shares of the company’s stock after acquiring an additional 7,800 shares during the quarter. Forsta AP Fonden’s holdings in Estée Lauder Companies were worth $5,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC boosted its stake in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at $30,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at $32,000. Kimelman & Baird LLC bought a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at $32,000. Finally, Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies in the 1st quarter valued at $35,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Up 1.7 %

Shares of EL stock opened at $88.73 on Tuesday. 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 Estée Lauder Companies Inc. has a 52-week low of $82.39 and a 52-week high of $159.75. The company has a market capitalization of $31.82 billion, a PE ratio of 49.85, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The business’s fifty day moving average is $91.21 and its 200 day moving average is $107.67.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the business posted $0.07 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.98%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 148.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Estée Lauder Companies in a research note on Thursday, October 24th. Bank of America downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $140.00 to $100.00 in a report on Friday, August 16th. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Stifel Nicolaus lowered their price objective on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $131.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Hold” and an average price target of $116.91.

Insider Activity

In other news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated 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 directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was 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 of the company’s stock, valued at $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

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.