Pinpoint Asset Management Ltd Sells 2,021 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Pinpoint Asset Management Ltd reduced its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 80.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 500 shares of the company’s stock after selling 2,021 shares during the quarter. Pinpoint Asset Management Ltd’s holdings in Estée Lauder Companies were worth $50,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC increased its position in Estée Lauder Companies by 6.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock valued at $228,000 after buying an additional 127 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its holdings in shares of Estée Lauder Companies by 2.1% during the second quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock valued at $756,000 after acquiring an additional 145 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after purchasing an additional 151 shares during the period. Horizon Bancorp Inc. IN lifted its holdings in shares of Estée Lauder Companies by 22.3% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock worth $90,000 after purchasing an additional 154 shares in the last quarter. Finally, City Holding Co. grew its position in Estée Lauder Companies by 2.1% in the 2nd quarter. City Holding Co. now owns 7,950 shares of the company’s stock valued at $846,000 after purchasing an additional 165 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

Shares of EL opened at $77.45 on Wednesday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The stock’s fifty day moving average price is $80.93 and its two-hundred day moving average price is $95.07. The firm has a market cap of $27.80 billion, a PE ratio of 138.30, a PEG ratio of 4.92 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.81%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insider Transactions at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction dated Friday, November 1st. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul J. Fribourg acquired 75,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the transaction, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EL shares. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research report on Wednesday, November 20th. Morgan Stanley cut their price target on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Bank of America dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada decreased their price target on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $98.57.

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.