BNP Paribas Has $731,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

BNP Paribas grew its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 26.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,347 shares of the company’s stock after buying an additional 1,545 shares during the period. BNP Paribas’ holdings in Estée Lauder Companies were worth $731,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in EL. Healthcare of Ontario Pension Plan Trust Fund raised its position in Estée Lauder Companies by 7.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,708 shares of the company’s stock worth $5,653,000 after purchasing an additional 4,008 shares in the last quarter. J. Stern & Co. LLP raised its position in Estée Lauder Companies by 77.2% in the third quarter. J. Stern & Co. LLP now owns 18,175 shares of the company’s stock worth $1,812,000 after purchasing an additional 7,919 shares in the last quarter. Lazard Freres Gestion S.A.S. raised its position in Estée Lauder Companies by 48.3% in the third quarter. Lazard Freres Gestion S.A.S. now owns 999,517 shares of the company’s stock worth $99,641,000 after purchasing an additional 325,722 shares in the last quarter. Quantbot Technologies LP raised its position in Estée Lauder Companies by 5.9% in the third quarter. Quantbot Technologies LP now owns 101,773 shares of the company’s stock worth $10,146,000 after purchasing an additional 5,676 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Estée Lauder Companies by 26.6% in the third quarter. D.A. Davidson & CO. now owns 5,744 shares of the company’s stock worth $573,000 after purchasing an additional 1,208 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EL shares. Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley decreased their price objective on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. UBS Group decreased their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. B. Riley decreased their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $98.57.

Insiders Place Their Bets

In other news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg purchased 75,500 shares of Estée Lauder Companies stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the transaction, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $73.93 on Thursday. The firm’s 50 day moving average price is $81.96 and its two-hundred day moving average price is $97.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The stock has a market cap of $26.54 billion, a PE ratio of 132.02, a PEG ratio of 4.73 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping 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 firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is presently 471.43%.

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.