Swedbank AB Has $44.42 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Swedbank AB trimmed its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 445,609 shares of the company’s stock after selling 5,036 shares during the quarter. Swedbank AB owned approximately 0.12% of Estée Lauder Companies worth $44,423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EL. Rothschild Investment LLC bought a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $30,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies in the second quarter worth $32,000. Kimelman & Baird LLC acquired a new stake in Estée Lauder Companies in the second quarter valued at $32,000. Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies during the 3rd quarter worth $31,000. Finally, Chilton Capital Management LLC grew its position in shares of Estée Lauder Companies by 63.9% in the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EL shares. TD Cowen cut their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Bank of America lowered their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Stifel Nicolaus lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Thursday, October 31st. DA Davidson reissued a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $105.00 to $72.00 in a research report on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.57.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $69.93 on Monday. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The firm has a market capitalization of $25.10 billion, a PE ratio of 124.88, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The firm has a fifty day simple moving average of $82.78 and a two-hundred day simple moving average of $98.04. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts forecast that The Estée Lauder Companies Inc. will post 1.59 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is presently 471.43%.

Insider Activity

In other news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated 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 approximately $4,578,114. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% 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, and powders, as well as compacts, brushes, and other makeup tools.