Coldstream Capital Management Inc. Grows Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Coldstream Capital Management Inc. boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,464 shares of the company’s stock after buying an additional 225 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Estée Lauder Companies were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EL. Massachusetts Financial Services Co. MA boosted its holdings in shares of Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares in the last quarter. Marshall Wace LLP lifted its position in Estée Lauder Companies by 3,065.6% in the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Estée Lauder Companies by 80.8% in the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after acquiring an additional 1,310,900 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after purchasing an additional 1,078,926 shares during the last quarter. Finally, Independent Franchise Partners LLP increased its position in shares of Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after purchasing an additional 1,066,320 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Down 1.2 %

Shares of EL opened at $80.04 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $28.73 billion, a P/E ratio of 142.93, a PEG ratio of 5.33 and a beta of 1.05. The firm’s 50-day moving average is $78.25 and its two-hundred day moving average is $92.62.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.46 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.75%. Estée Lauder Companies’s dividend payout ratio is presently 250.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $113.00 to $74.00 in a research report on Friday, November 1st. Evercore ISI cut their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Thursday, October 31st. Royal Bank of Canada lowered their price objective on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $105.00 to $72.00 in a report on Thursday, October 31st. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $98.57.

Insider Activity at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 75,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $64.93 per share, for a total transaction 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. The trade was a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.

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.