Metis Global Partners LLC Increases Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Metis Global Partners LLC lifted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,348 shares of the company’s stock after acquiring an additional 380 shares during the period. Metis Global Partners LLC’s holdings in Estée Lauder Companies were worth $932,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EL. Crewe Advisors LLC purchased a new position in shares of Estée Lauder Companies during the first quarter worth about $35,000. Rothschild Investment LLC purchased a new position in Estée Lauder Companies during the 2nd quarter worth approximately $30,000. PARK CIRCLE Co acquired a new position in Estée Lauder Companies during the second quarter worth approximately $32,000. Kimelman & Baird LLC purchased a new stake in Estée Lauder Companies in the second quarter valued at approximately $32,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. HSBC downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research report on Wednesday, October 16th. TD Cowen decreased their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 price objective on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Finally, Bank of America dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $100.90.

Insider Activity at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,296 shares of company stock valued at $1,423,366 over the last quarter. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $63.75 on Monday. 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 stock has a market cap of $22.88 billion, a price-to-earnings ratio of 113.84, a PEG ratio of 3.85 and a beta of 1.05. The company’s 50-day moving average price is $84.66 and its 200 day moving average price is $100.34. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 1.59 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. Stockholders of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.20%. Estée Lauder Companies’s dividend payout ratio (DPR) is 250.00%.

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.