Brown Shipley& Co Ltd Decreases Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Brown Shipley& Co Ltd cut its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 5.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,846 shares of the company’s stock after selling 2,317 shares during the period. Estée Lauder Companies makes up about 1.9% of Brown Shipley& Co Ltd’s holdings, making the stock its 20th largest holding. Brown Shipley& Co Ltd’s holdings in Estée Lauder Companies were worth $3,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in EL. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the second quarter worth $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the 3rd quarter worth $31,000. PARK CIRCLE Co purchased a new position in shares of Estée Lauder Companies during the 2nd quarter worth $32,000. Kimelman & Baird LLC acquired a new position in shares of Estée Lauder Companies during the 2nd quarter valued at about $32,000. Finally, Chilton Capital Management LLC grew its holdings in shares of Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 168 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Price Performance

Shares of EL opened at $73.93 on Thursday. The company has a market cap of $26.54 billion, a P/E ratio of 132.02, a PEG ratio of 4.73 and a beta of 1.05. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week 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 firm’s 50 day moving average price is $81.96 and its 200 day moving average price is $97.05.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, research analysts forecast that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 471.43%.

Insider Activity

In other news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Fribourg bought 75,500 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EL shares. DA Davidson reaffirmed a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. Piper Sandler lifted their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Citigroup cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $113.00 to $74.00 in a research note on Friday, November 1st. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $98.57.

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.