Banque Cantonale Vaudoise Cuts Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Banque Cantonale Vaudoise lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 24.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,520 shares of the company’s stock after selling 2,396 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Estée Lauder Companies were worth $749,000 as of its most recent SEC filing.

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

Insider Activity

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg acquired 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the acquisition, the director now directly owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Up 2.3 %

Shares of NYSE EL opened at $66.85 on Friday. The stock has a 50 day moving average price of $83.08 and a 200 day moving average price of $98.90. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 119.37, a PEG ratio of 3.91 and a beta of 1.05. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.37 billion. During the same quarter last year, the firm posted $0.11 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 471.43%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EL. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. TD Cowen decreased their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Wednesday. Finally, Royal Bank of Canada decreased their price target on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.57.

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.