Oak Thistle LLC Takes $1.04 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Oak Thistle LLC acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,771 shares of the company’s stock, valued at approximately $1,040,000. Estée Lauder Companies makes up approximately 0.8% of Oak Thistle LLC’s holdings, making the stock its 6th biggest position.

A number of other hedge funds also recently made changes to their positions in the business. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies in the 1st quarter worth about $26,000. Hexagon Capital Partners LLC grew its holdings in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies in the 1st quarter worth about $35,000. Chilton Capital Management LLC grew its holdings in shares of Estée Lauder Companies by 163.0% in the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EL shares. DA Davidson reaffirmed a “buy” rating and issued a $130.00 target price on shares of Estée Lauder Companies in a report on Tuesday, September 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a report on Monday, August 19th. Bank of America lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $140.00 to $100.00 in a report on Friday, August 16th. Citigroup decreased their price objective on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $122.77.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’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 transaction of $315,963.41. Following the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Trading Down 2.9 %

Shares of NYSE:EL traded down $2.57 during mid-day trading on Friday, reaching $87.50. The stock had a trading volume of 3,868,894 shares, compared to its average volume of 3,087,757. The firm has a market cap of $31.37 billion, a PE ratio of 49.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00. The firm has a 50 day simple moving average of $96.71 and a two-hundred day simple moving average of $122.29. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a twelve month low of $86.05 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. Estée Lauder Companies’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. On average, research analysts predict that The Estée Lauder Companies Inc. will post 2.99 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.02%. Estée Lauder Companies’s dividend payout ratio is 148.31%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.