Partnership Wealth Management LLC Raises Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Partnership Wealth Management LLC boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 30.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,931 shares of the company’s stock after buying an additional 3,235 shares during the period. Partnership Wealth Management LLC’s holdings in Estée Lauder Companies were worth $1,045,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after buying an additional 151 shares in the last quarter. Biltmore Family Office LLC boosted its holdings in Estée Lauder Companies by 7.8% in the 3rd quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock worth $237,000 after acquiring an additional 171 shares during the period. Cove Private Wealth LLC grew its position in Estée Lauder Companies by 7.1% in the third quarter. Cove Private Wealth LLC now owns 2,625 shares of the company’s stock valued at $262,000 after acquiring an additional 175 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Estée Lauder Companies by 2.3% during the third quarter. Empirical Finance LLC now owns 8,001 shares of the company’s stock valued at $798,000 after purchasing an additional 179 shares during the period. Finally, William Allan Corp raised its stake in shares of Estée Lauder Companies by 3.1% during the third quarter. William Allan Corp now owns 6,167 shares of the company’s stock valued at $615,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE EL traded down $0.42 on Wednesday, hitting $73.75. The stock had a trading volume of 2,341,117 shares, compared to its average volume of 2,914,370. The company’s 50-day moving average is $72.72 and its two-hundred day moving average is $87.30. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The stock has a market cap of $26.47 billion, a price-to-earnings ratio of 131.70, a P/E/G ratio of 5.33 and a beta of 1.02. 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 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 business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. On average, analysts expect that The Estée Lauder Companies Inc. will post 1.46 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s payout ratio is currently 250.00%.

Insider Activity at Estée Lauder Companies

In other news, Director Paul J. Fribourg acquired 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the acquisition, the director now directly owns 234,500 shares in the company, valued at $15,010,345. This represents a 49.36 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 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 completion of the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on EL. Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. B. Riley dropped their target price on 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. Bank of America reduced their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Monday, December 23rd. Finally, Wells Fargo & Company increased their target price on Estée Lauder Companies from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Tuesday. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $96.50.

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.