Plato Investment Management Ltd Has $759,000 Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Plato Investment Management Ltd increased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 1,424.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,134 shares of the company’s stock after buying an additional 6,666 shares during the quarter. Plato Investment Management Ltd’s holdings in Estée Lauder Companies were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in Estée Lauder Companies during the 1st quarter worth approximately $26,000. Hexagon Capital Partners LLC grew its stake in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Estée Lauder Companies in the first quarter valued at $35,000. Chilton Capital Management LLC raised its position in Estée Lauder Companies by 163.0% during the 1st 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 grew its position in shares of Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Activity

In related news, Director Lynn Forester sold 3,890 shares of the business’s 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 transaction, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on 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 directly owns 49,800 shares in the company, valued at approximately $4,578,114. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on EL. Citigroup cut their price objective on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Canaccord Genuity Group restated a “hold” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $131.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Stifel Nicolaus dropped their target price on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. decreased their price target on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $120.27.

Estée Lauder Companies Trading Up 0.4 %

EL opened at $84.56 on Monday. The firm has a market capitalization of $30.33 billion, a PE ratio of 47.51, a P/E/G ratio of 1.42 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 Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The company’s 50-day moving average is $94.60 and its 200 day moving average is $119.90.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, 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 company also recently announced 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 annualized dividend and a dividend yield of 3.12%. Estée Lauder Companies’s payout ratio is 148.32%.

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