Partnership Wealth Management LLC Has $1.07 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Partnership Wealth Management LLC reduced its position in The Estée Lauder Companies Inc. (NYSE:EL) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,696 shares of the company’s stock after selling 506 shares during the quarter. Estée Lauder Companies makes up about 0.8% of Partnership Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Partnership Wealth Management LLC’s holdings in Estée Lauder Companies were worth $1,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Estée Lauder Companies by 170.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 10,079 shares of the company’s stock valued at $1,474,000 after purchasing an additional 6,356 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its position in shares of Estée Lauder Companies by 4.2% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 20,221 shares of the company’s stock worth $2,957,000 after buying an additional 814 shares during the last quarter. First Financial Bankshares Inc bought a new stake in shares of Estée Lauder Companies during the 4th quarter worth about $2,269,000. LM Advisors LLC bought a new stake in shares of Estée Lauder Companies during the 4th quarter worth about $1,736,000. Finally, Scalar Gauge Management LLC acquired a new position in shares of Estée Lauder Companies during the 4th quarter valued at about $1,901,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Down 2.2 %

Shares of NYSE:EL opened at $93.91 on Wednesday. The company has a market capitalization of $33.67 billion, a PE ratio of 52.76, a P/E/G ratio of 1.46 and a beta of 1.01. 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’s fifty day moving average is $91.84 and its 200-day moving average is $113.19. The Estée Lauder Companies Inc. has a 52 week low of $82.39 and a 52 week high of $159.75.

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 the consensus estimate 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 firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the prior year, the firm earned $0.07 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued 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 yield of 2.81%. Estée Lauder Companies’s dividend payout ratio is 148.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EL shares. UBS Group decreased their target price on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Wells Fargo & Company dropped their target price on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $100.00 in a report on Friday, August 16th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Fourteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $120.64.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on 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 directly owns 49,800 shares in the company, 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 SEC, which is available through this link. In other Estée Lauder Companies news, 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 transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The sale 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 business’s stock in a transaction on 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 owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.77% 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.