The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group decreased its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 55.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 762 shares of the company’s stock after selling 942 shares during the period. Brooklyn Investment Group’s holdings in Estée Lauder Companies were worth $57,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

EL has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of Estée Lauder Companies from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. DA Davidson restated a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research note on Monday, December 23rd. Barclays increased their price objective on Estée Lauder Companies from $63.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday. CICC Research initiated coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 target price on the stock. Finally, StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $93.55.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of Estée Lauder Companies stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now owns 310,000 shares in the company, valued at $20,128,300. This trade represents a 32.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies 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 transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $77.86 on Monday. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The stock’s 50-day simple moving average is $73.76 and its 200 day simple moving average is $85.50. The firm has a market capitalization of $27.95 billion, a PE ratio of 139.04, a price-to-earnings-growth ratio of 5.02 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 company 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 company earned $0.11 EPS. Estée Lauder Companies’s revenue was down 4.5% compared to the same quarter last year. On average, analysts anticipate that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 250.00%.

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.