Acadian Asset Management LLC Lowers Position in The Estée Lauder Companies Inc. (NYSE:EL)

Acadian Asset Management LLC decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 68.3% during the second quarter, HoldingsChannel reports. The firm owned 505 shares of the company’s stock after selling 1,089 shares during the period. Acadian Asset Management LLC’s holdings in Estée Lauder Companies were worth $99,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EL. Mach 1 Financial Group LLC bought a new position in Estée Lauder Companies in the first quarter worth approximately $14,787,000. WealthPLAN Partners LLC bought a new position in shares of Estée Lauder Companies in the 1st quarter worth $31,000. Chilton Capital Management LLC purchased a new stake in shares of Estée Lauder Companies during the 1st quarter worth $37,000. Arlington Partners LLC boosted its position in Estée Lauder Companies by 378.4% during the second quarter. Arlington Partners LLC now owns 177 shares of the company’s stock valued at $35,000 after purchasing an additional 140 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Estée Lauder Companies in the first quarter valued at about $45,000. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 1.1 %

Shares of EL opened at $122.45 on Tuesday. The firm has a market cap of $43.82 billion, a P/E ratio of 80.56, a PEG ratio of 3.54 and a beta of 1.08. The Estée Lauder Companies Inc. has a 12 month low of $102.22 and a 12 month high of $283.62. The stock’s 50 day moving average is $134.97 and its two-hundred day moving average is $165.28. The company has a current ratio of 1.45, a quick ratio of 0.97 and a debt-to-equity ratio of 1.33.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.33. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Estée Lauder Companies had a net margin of 3.54% and a return on equity of 13.93%. The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. Analysts predict that The Estée Lauder Companies Inc. will post 2.3 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.64 annualized dividend and a dividend yield of 2.16%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 173.68%.

Wall Street Analyst Weigh In

Several research firms have commented on EL. JPMorgan Chase & Co. decreased their price target on shares of Estée Lauder Companies from $173.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Barclays decreased their price objective on Estée Lauder Companies from $162.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 12th. Jefferies Financial Group lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and reduced their target price for the company from $270.00 to $190.00 in a research report on Thursday, July 27th. Piper Sandler dropped their price target on Estée Lauder Companies from $164.00 to $155.00 in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada cut shares of Estée Lauder Companies from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $195.00 to $115.00 in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $178.48.

Insider Activity at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 1,796 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.93, for a total value of $272,866.28. Following the transaction, the director now owns 48,845 shares in the company, valued at $7,421,020.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Jane Lauder sold 12,661 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $152.75, for a total value of $1,933,967.75. Following the completion of the sale, the executive vice president now directly owns 55,800 shares of the company’s stock, valued at $8,523,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 1,796 shares of Estée Lauder Companies stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $151.93, for a total transaction of $272,866.28. Following the completion of the transaction, the director now directly owns 48,845 shares in the company, valued at $7,421,020.85. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.