Boston Financial Mangement LLC Has $564,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

Boston Financial Mangement LLC reduced its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 15.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,657 shares of the company’s stock after selling 1,051 shares during the quarter. Boston Financial Mangement LLC’s holdings in Estée Lauder Companies were worth $564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EL. Wealth Enhancement Advisory Services LLC lifted its holdings in Estée Lauder Companies by 38.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 30,908 shares of the company’s stock worth $4,764,000 after purchasing an additional 8,601 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings 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 last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Estée Lauder Companies by 1,094.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 146,648 shares of the company’s stock worth $22,606,000 after buying an additional 134,371 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Estée Lauder Companies by 0.3% during the first quarter. State of Michigan Retirement System now owns 63,838 shares of the company’s stock worth $9,841,000 after buying an additional 200 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Estée Lauder Companies by 10.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 603,823 shares of the company’s stock worth $93,079,000 after buying an additional 55,193 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

Shares of NYSE:EL opened at $88.78 on Wednesday. The business’s fifty day moving average price is $91.17 and its two-hundred day moving average price is $107.32. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The stock has a market capitalization of $31.83 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.25 by $0.39. The company 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 for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. As a group, analysts predict that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s payout ratio is presently 148.31%.

Insider Transactions at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction 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 approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lynn Forester sold 3,890 shares of the company’s 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 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 disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of research analyst reports. Raymond James lowered Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. B. Riley initiated coverage on Estée Lauder Companies in a report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target for the company. Stifel Nicolaus cut their price target on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Barclays cut their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, The Goldman Sachs Group cut their price target on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Sixteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.91.

About Estée Lauder Companies

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.