Pekin Hardy Strauss Inc. Has $8.01 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Pekin Hardy Strauss Inc. raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 35.3% in the third quarter, Holdings Channel reports. The institutional investor owned 80,371 shares of the company’s stock after buying an additional 20,958 shares during the quarter. Estée Lauder Companies accounts for about 1.0% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 19th biggest holding. Pekin Hardy Strauss Inc.’s holdings in Estée Lauder Companies were worth $8,012,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Rothschild Investment LLC bought a new position in Estée Lauder Companies during the second quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies during the third quarter valued at approximately $31,000. PARK CIRCLE Co acquired a new position in shares of Estée Lauder Companies in the second quarter valued at $32,000. Kimelman & Baird LLC bought a new position in Estée Lauder Companies in the second quarter worth $32,000. Finally, Chilton Capital Management LLC boosted its stake in Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after buying an additional 168 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EL. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $113.00 to $74.00 in a research note on Friday, November 1st. Evercore ISI decreased their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Piper Sandler lifted their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Stifel Nicolaus lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Thursday, October 31st. Finally, UBS Group cut their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $98.57.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $4,578,114. This represents a 6.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul J. Fribourg bought 77,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the transaction, the director now owns 234,500 shares in the company, valued at $15,010,345. The trade was a 49.36 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $69.93 on Friday. The firm’s 50 day moving average price is $82.78 and its two-hundred day moving average price is $98.26. The stock has a market cap of $25.10 billion, a PE ratio of 124.88, a PEG ratio of 4.04 and a beta of 1.05. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during 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 firm earned $0.11 earnings per share. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is 471.43%.

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.