IFM Investors Pty Ltd Sells 1,811 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

IFM Investors Pty Ltd decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,105 shares of the company’s stock after selling 1,811 shares during the quarter. IFM Investors Pty Ltd’s holdings in Estée Lauder Companies were worth $4,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. Hexagon Capital Partners LLC increased its position in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies in the first quarter worth about $35,000. Chilton Capital Management LLC increased its holdings in shares of Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies during the 2nd quarter valued at about $30,000. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $87.25 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average price is $91.30 and its two-hundred day moving average price is $108.60. The company has a market cap of $31.30 billion, a PE ratio of 80.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts predict that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s payout ratio is presently 244.44%.

Insider Transactions at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on EL shares. Wells Fargo & Company dropped their target price on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their target price on shares of Estée Lauder Companies from $105.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Citigroup lowered their target price on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Wednesday, October 16th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.91.

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