Mirae Asset Global Investments Co. Ltd. Buys 4,287 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Mirae Asset Global Investments Co. Ltd. boosted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 35.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,485 shares of the company’s stock after purchasing an additional 4,287 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Estée Lauder Companies were worth $1,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Armistice Capital LLC lifted 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 buying an additional 96,239 shares during the last quarter. BNP Paribas purchased a new position in shares of Estée Lauder Companies in the first quarter worth about $997,000. Marshall Wace LLP lifted its stake in shares of Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Headlands Technologies LLC purchased a new position in Estée Lauder Companies in the 2nd quarter valued at approximately $6,043,000. Finally, Transcend Capital Advisors LLC bought a new stake in Estée Lauder Companies during the 2nd quarter valued at $558,000. 55.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the 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 sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction 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 sale, the director now owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Price Performance

EL stock opened at $68.93 on Friday. 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 firm has a market cap of $24.72 billion, a P/E ratio of 38.72, a P/E/G ratio of 1.47 and a beta of 1.01. The firm’s fifty day moving average is $90.63 and its 200 day moving average is $106.91. The Estée Lauder Companies Inc. has a 52 week low of $63.36 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Wall Street Analyst Weigh In

EL has been the subject of several recent research reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on Estée Lauder Companies from $105.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $131.00 target price on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Finally, B. Riley began coverage on shares of Estée Lauder Companies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price target for the company. Nineteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $113.73.

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, and powders, as well as compacts, brushes, and other makeup tools.