Frank Rimerman Advisors LLC Acquires 3,164 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Frank Rimerman Advisors LLC raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 105,466.7% in the 2nd quarter, Holdings Channel reports. The firm owned 3,167 shares of the company’s stock after purchasing an additional 3,164 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Estée Lauder Companies were worth $337,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Estée Lauder Companies by 4.6% in the first quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock valued at $487,612,000 after acquiring an additional 140,416 shares in the last quarter. Van ECK Associates Corp lifted its stake in Estée Lauder Companies by 12.0% in the second quarter. Van ECK Associates Corp now owns 2,962,985 shares of the company’s stock worth $315,262,000 after acquiring an additional 318,257 shares during the period. Jennison Associates LLC bought a new position in Estée Lauder Companies during the 1st quarter worth about $291,171,000. Finally, Carmignac Gestion increased its position in Estée Lauder Companies by 1,908.0% during the 4th quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after purchasing an additional 1,136,201 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Price Performance

NYSE:EL opened at $91.98 on Wednesday. The company has a 50 day moving average price of $92.45 and a 200-day moving average price of $116.92. The Estée Lauder Companies Inc. has a 1-year low of $82.39 and a 1-year high of $159.75. The firm has a market cap of $32.98 billion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01.

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

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s payout ratio is currently 148.31%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EL shares. Stifel Nicolaus dropped 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 research note on Tuesday, August 20th. Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $100.00 in a report on Friday, August 16th. JPMorgan Chase & Co. lowered 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a research note on Monday, August 19th. Fourteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $120.27.

Insider Activity

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

Estée Lauder Companies 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.