Mn Services Vermogensbeheer B.V. Reduces Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Mn Services Vermogensbeheer B.V. lessened its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 2.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 89,078 shares of the company’s stock after selling 2,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Estée Lauder Companies were worth $8,880,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EL. QRG Capital Management Inc. raised its position in Estée Lauder Companies by 14.5% in the third quarter. QRG Capital Management Inc. now owns 16,017 shares of the company’s stock valued at $1,597,000 after purchasing an additional 2,025 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Estée Lauder Companies by 1.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 89,455 shares of the company’s stock worth $8,918,000 after purchasing an additional 1,113 shares during the last quarter. National Pension Service raised its holdings in Estée Lauder Companies by 9.7% in the 3rd quarter. National Pension Service now owns 537,607 shares of the company’s stock valued at $53,594,000 after buying an additional 47,433 shares during the period. Intact Investment Management Inc. lifted its position in Estée Lauder Companies by 44.1% in the third quarter. Intact Investment Management Inc. now owns 34,550 shares of the company’s stock valued at $3,444,000 after buying an additional 10,580 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Estée Lauder Companies by 19.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 63,223 shares of the company’s stock worth $6,303,000 after buying an additional 10,165 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $65.89 on Wednesday. The stock has a market cap of $23.64 billion, a P/E ratio of 117.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The company has a fifty day simple moving average of $88.99 and a 200-day simple moving average of $104.88. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 12-month low of $63.36 and a 12-month high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the firm posted $0.11 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts expect that The Estée Lauder Companies Inc. will post 2.95 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.12%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EL shares. TD Cowen decreased 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 report on Friday, November 1st. Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Thursday, October 31st. Evercore ISI lowered their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. DA Davidson reiterated a “buy” rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $113.00 to $74.00 in a report on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $100.90.

Insiders Place Their Bets

In related news, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,296 shares of company stock valued at $1,423,366. 12.78% of the stock is owned by corporate insiders.

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.