Lecap Asset Management Ltd. Has $3.70 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Lecap Asset Management Ltd. decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,071 shares of the company’s stock after selling 1,652 shares during the quarter. Estée Lauder Companies accounts for about 0.8% of Lecap Asset Management Ltd.’s portfolio, making the stock its 17th largest position. Lecap Asset Management Ltd.’s holdings in Estée Lauder Companies were worth $3,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies in the 1st quarter valued at $26,000. Hexagon Capital Partners LLC increased its holdings in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Estée Lauder Companies during the second quarter worth about $30,000. PARK CIRCLE Co bought a new position in shares of Estée Lauder Companies during the 2nd quarter valued at about $32,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $32,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley dropped their target price on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of Estée Lauder Companies from $105.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Citigroup reduced their target price on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $117.36.

Insider Transactions at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the 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 transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’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 transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Down 1.9 %

EL stock opened at $87.59 on Wednesday. The Estée Lauder Companies Inc. has a 1-year low of $82.39 and a 1-year high of $159.75. The business’s 50 day simple moving average is $91.66 and its 200 day simple moving average is $109.30. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $31.41 billion, a PE ratio of 49.21, a PEG ratio of 1.58 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share. As a group, research analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.01%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.31%.

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.