27,800 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Acquired by Dupree Financial Group LLC

Dupree Financial Group LLC acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 27,800 shares of the company’s stock, valued at approximately $2,771,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EL. Tradewinds Capital Management LLC increased its holdings in shares of Estée Lauder Companies by 34.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after acquiring an additional 75 shares during the period. Haverford Trust Co increased its stake in Estée Lauder Companies by 2.3% in the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock valued at $525,000 after purchasing an additional 78 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of Estée Lauder Companies by 11.9% in the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after buying an additional 90 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the period. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Estée Lauder Companies by 6.3% during the second quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock worth $228,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction dated 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 transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on EL. Bank of America downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $140.00 to $100.00 in a research note on Friday, August 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Estée Lauder Companies from $105.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. DA Davidson restated a “buy” rating and set a $130.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company lowered their target price 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. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $117.36.

Estée Lauder Companies Trading Down 1.9 %

Estée Lauder Companies stock opened at $87.59 on Wednesday. The stock has a market cap of $31.41 billion, a PE ratio of 49.21, a P/E/G ratio of 1.58 and a beta of 1.01. 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 stock has a 50-day moving average price of $91.66 and a 200 day moving average price of $109.30. The Estée Lauder Companies Inc. has a 52 week low of $82.39 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.39. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. Equities research analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.66 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a yield of 3.01%. Estée Lauder Companies’s payout ratio is 148.31%.

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.