Wilson Asset Management International PTY Ltd. Purchases Shares of 19,716 The Estée Lauder Companies Inc. (NYSE:EL)

Wilson Asset Management International PTY Ltd. purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,716 shares of the company’s stock, valued at approximately $1,965,000. Estée Lauder Companies makes up about 0.5% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 28th largest position.

Several other large investors have also recently added to or reduced their stakes in EL. Marshall Wace LLP raised its holdings in Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Estée Lauder Companies in the 1st quarter worth approximately $291,171,000. Vanguard Group Inc. raised its holdings in shares of Estée Lauder Companies by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after buying an additional 1,250,555 shares in the last quarter. Independent Franchise Partners LLP raised its holdings in shares of Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after buying an additional 1,066,320 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Estée Lauder Companies in the 1st quarter worth approximately $82,664,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Buying and Selling

In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s 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 transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lynn Forester sold 3,890 shares of the company’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 completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. 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 available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. 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 Stock Performance

EL opened at $88.73 on Tuesday. 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 business’s 50-day moving average price is $91.21 and its two-hundred day moving average price is $107.67. The company has a market capitalization of $31.82 billion, a price-to-earnings ratio of 49.85, a P/E/G ratio of 1.47 and a beta of 1.01. The Estée Lauder Companies Inc. has a 1 year low of $82.39 and a 1 year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) 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 business 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. Estée Lauder Companies’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts expect that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s payout ratio is currently 148.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EL shares. B. Riley started coverage on Estée Lauder Companies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 target price for the company. Canaccord Genuity Group restated a “hold” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. DA Davidson restated a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research report on Tuesday. Citigroup decreased their price target on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Finally, StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Sixteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $116.91.

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.