Paloma Partners Management Co Grows Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Paloma Partners Management Co boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 729.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 47,500 shares of the company’s stock after buying an additional 41,773 shares during the period. Paloma Partners Management Co’s holdings in Estée Lauder Companies were worth $4,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EL. Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies during the second quarter worth $30,000. PARK CIRCLE Co purchased a new stake in Estée Lauder Companies in the 2nd quarter worth $32,000. Kimelman & Baird LLC bought a new position in shares of Estée Lauder Companies during the 2nd quarter valued at about $32,000. Ashton Thomas Securities LLC purchased a new position in shares of Estée Lauder Companies during the third quarter valued at about $31,000. Finally, Chilton Capital Management LLC increased its holdings in shares of Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 168 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Trading Down 2.5 %

Shares of NYSE EL opened at $72.12 on Monday. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The firm has a market cap of $25.89 billion, a PE ratio of 128.79, a price-to-earnings-growth ratio of 4.67 and a beta of 1.05. The business has a fifty day simple moving average of $81.43 and a two-hundred day simple moving average of $95.92. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Analysts expect that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is 471.43%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DA Davidson restated a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a report on Wednesday, November 20th. TD Cowen cut their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. B. Riley decreased their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.57.

Insider Activity

In other news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Fribourg acquired 75,500 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now 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 disclosure for this purchase 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.