Maverick Capital Ltd. Sells 219,934 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Maverick Capital Ltd. lessened its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 98.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,731 shares of the company’s stock after selling 219,934 shares during the quarter. Maverick Capital Ltd.’s holdings in Estée Lauder Companies were worth $291,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Armistice Capital LLC increased its position in shares of Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after purchasing an additional 96,239 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Estée Lauder Companies by 113.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 156,583 shares of the company’s stock worth $22,900,000 after acquiring an additional 83,320 shares during the last quarter. BNP Paribas bought a new stake in shares of Estée Lauder Companies during the 1st quarter valued at $997,000. Marshall Wace LLP increased its stake in shares of Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after purchasing an additional 1,920,439 shares in the last quarter. Finally, Transcend Capital Advisors LLC bought a new position in Estée Lauder Companies in the 2nd quarter worth $558,000. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 0.9 %

Shares of NYSE EL opened at $99.87 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a 12-month low of $82.39 and a 12-month high of $159.75. The firm’s 50-day moving average price is $92.36 and its 200-day moving average price is $116.00. The stock has a market capitalization of $35.81 billion, a price-to-earnings ratio of 56.11, a P/E/G ratio of 1.46 and a beta of 1.00.

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, beating analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. 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 Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on EL shares. Stifel Nicolaus reduced their price target on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Piper Sandler upgraded shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $114.00 in a research report on Thursday, August 22nd. Morgan Stanley decreased their price objective on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a research 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 report on Monday, July 22nd. Fourteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $120.27.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction on 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 owns 15,209 shares in the company, valued at approximately $1,423,714.49. The disclosure for this sale can be found here. Company 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.