Montag A & Associates Inc. reduced its stake in Estee Lauder Companies Inc (NYSE:EL) by 11.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,413 shares of the company’s stock after selling 300 shares during the quarter. Montag A & Associates Inc.’s holdings in Estee Lauder Companies were worth $480,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Next Capital Management LLC purchased a new stake in shares of Estee Lauder Companies in the second quarter valued at approximately $25,000. Massey Quick Simon & CO. LLC boosted its stake in shares of Estee Lauder Companies by 387.9% in the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after buying an additional 128 shares in the last quarter. Acima Private Wealth LLC boosted its stake in shares of Estee Lauder Companies by 185.2% in the third quarter. Acima Private Wealth LLC now owns 154 shares of the company’s stock valued at $30,000 after buying an additional 100 shares in the last quarter. KCS Wealth Advisory purchased a new stake in shares of Estee Lauder Companies in the third quarter valued at approximately $31,000. Finally, NuWave Investment Management LLC purchased a new stake in shares of Estee Lauder Companies in the second quarter valued at approximately $33,000. Institutional investors own 54.90% of the company’s stock.

A number of analysts recently weighed in on the company. Berenberg Bank assumed coverage on Estee Lauder Companies in a research note on Wednesday, October 16th. They issued a “buy” rating and a $230.00 price target on the stock. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Tuesday, August 20th. DA Davidson boosted their target price on Estee Lauder Companies from $6.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. They noted that the move was a valuation call. UBS Group decreased their target price on Estee Lauder Companies from $205.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, ValuEngine cut Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $194.96.

Estee Lauder Companies stock traded up $0.13 during trading on Friday, hitting $187.27. The company’s stock had a trading volume of 915,389 shares, compared to its average volume of 1,704,993. The stock has a market capitalization of $66.38 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 2.44 and a beta of 0.76. The stock’s fifty day moving average is $190.85 and its 200 day moving average is $184.20. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $207.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.53.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.07. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.85 billion. Estee Lauder Companies had a return on equity of 46.14% and a net margin of 12.34%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, research analysts anticipate that Estee Lauder Companies Inc will post 5.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, November 27th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.03%. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.

In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total transaction of $1,346,578.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Fabrizio Freda sold 16,479 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $184.08, for a total value of $3,033,454.32. Following the sale, the chief executive officer now owns 83,348 shares of the company’s stock, valued at $15,342,699.84. The disclosure for this sale can be found here. Insiders have sold 2,214,755 shares of company stock valued at $434,929,789 over the last 90 days. 14.68% of the stock is currently owned by insiders.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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