The Estée Lauder Companies Inc. (NYSE:EL) Position Raised by BNP Paribas

BNP Paribas raised its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 26.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,347 shares of the company’s stock after buying an additional 1,545 shares during the period. BNP Paribas’ holdings in Estée Lauder Companies were worth $731,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies in the second quarter valued at $30,000. Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies in the third quarter valued at $31,000. PARK CIRCLE Co purchased a new position in Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Kimelman & Baird LLC purchased a new position in Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Finally, Chilton Capital Management LLC grew its position in Estée Lauder Companies by 63.9% during the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on EL shares. Wells Fargo & Company cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. Royal Bank of Canada lowered their price objective on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $113.00 to $74.00 in a research report on Friday, November 1st. TD Cowen lowered their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, B. Riley lowered their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $98.57.

Estée Lauder Companies Trading Up 1.0 %

Shares of NYSE:EL opened at $73.93 on Thursday. The stock has a market capitalization of $26.54 billion, a PE ratio of 132.02, a P/E/G ratio of 4.73 and a beta of 1.05. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The firm has a fifty day moving average price of $81.96 and a 200 day moving average price of $97.05. 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 issued its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Analysts expect that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is 471.43%.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg bought 75,500 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.78% 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, and powders, as well as compacts, brushes, and other makeup tools.