Vision Capital Management Inc. Reduces Position in The Estée Lauder Companies Inc. (NYSE:EL)

Vision Capital Management Inc. lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 40.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,120 shares of the company’s stock after selling 8,761 shares during the period. Vision Capital Management Inc.’s holdings in Estée Lauder Companies were worth $1,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies during the first quarter worth about $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies in the first quarter worth $35,000. Chilton Capital Management LLC raised its holdings in shares of Estée Lauder Companies by 163.0% during the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after purchasing an additional 261 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the 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 sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares of the company’s stock, 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 Stock Down 0.7 %

Shares of NYSE EL opened at $86.91 on Tuesday. The company has a market capitalization of $31.18 billion, a P/E ratio of 48.83, a P/E/G ratio of 1.46 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. The company has a 50 day simple moving average of $96.34 and a 200-day simple moving average of $121.68. The Estée Lauder Companies Inc. has a 1 year low of $86.05 and a 1 year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results 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. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations 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 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 EPS. On average, equities research analysts predict that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.66 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.04%. Estée Lauder Companies’s payout ratio is presently 148.32%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Canaccord Genuity Group reiterated a “hold” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research 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 target price for the company from $140.00 to $100.00 in a research note on Friday, August 16th. Morgan Stanley dropped their price target 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. Citigroup decreased their price objective on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Finally, StockNews.com upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Fourteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $121.57.

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.