Crossmark Global Holdings Inc. Cuts Position in The Estée Lauder Companies Inc. (NYSE:EL)

Crossmark Global Holdings Inc. reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 27.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,871 shares of the company’s stock after selling 2,952 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Estée Lauder Companies were worth $785,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in shares of Estée Lauder Companies during the second quarter valued at about $30,000. PARK CIRCLE Co purchased a new stake in Estée Lauder Companies during the second quarter valued at approximately $32,000. Kimelman & Baird LLC acquired a new stake in Estée Lauder Companies in the second quarter valued at approximately $32,000. Crewe Advisors LLC acquired a new stake in Estée Lauder Companies in the first quarter valued at approximately $35,000. Finally, Chilton Capital Management LLC grew its holdings in Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on EL shares. DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, October 29th. The Goldman Sachs Group decreased their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. B. Riley cut their price objective on shares of 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, Royal Bank of Canada decreased their price target on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $100.90.

Estée Lauder Companies Trading Down 1.6 %

Shares of Estée Lauder Companies stock opened at $63.79 on Friday. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The company has a market cap of $22.90 billion, a P/E ratio of 113.68, a price-to-earnings-growth ratio of 3.80 and a beta of 1.05. The firm has a 50-day simple moving average of $85.13 and a two-hundred day simple moving average of $101.42.

Estée Lauder Companies (NYSE:EL) last issued 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 company had revenue of $3.36 billion for 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%. Estée Lauder Companies’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.19%. Estée Lauder Companies’s dividend payout ratio (DPR) is 471.43%.

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 stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now directly 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 is accessible through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s 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 transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 6.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,296 shares of company stock valued at $1,423,366 over the last 90 days. Corporate insiders own 12.78% of the company’s stock.

About Estée Lauder Companies

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.