Zevin Asset Management LLC Has $7.98 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Zevin Asset Management LLC lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,034 shares of the company’s stock after purchasing an additional 6,676 shares during the quarter. Zevin Asset Management LLC’s holdings in Estée Lauder Companies were worth $7,979,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after purchasing an additional 1,250,555 shares in the last quarter. Van ECK Associates Corp lifted its position in Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after buying an additional 1,078,926 shares in the last quarter. Independent Franchise Partners LLP grew its holdings in Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after acquiring an additional 1,066,320 shares during the last quarter. Marshall Wace LLP grew its holdings in Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in shares of Estée Lauder Companies by 3.5% in the second quarter. Rathbones Group PLC now owns 991,871 shares of the company’s stock worth $105,535,000 after acquiring an additional 33,672 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Activity at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 of the company’s stock, valued at $4,578,114. This trade represents a 6.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction dated 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 owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,296 shares of company stock valued at $1,423,366 in the last quarter. Insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EL. Stifel Nicolaus cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Thursday, October 31st. Raymond James lowered Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. UBS Group cut their price target on 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. Hsbc Global Res cut shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, B. Riley dropped their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Stock Performance

Shares of NYSE EL opened at $63.75 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market cap of $22.88 billion, a price-to-earnings ratio of 113.84, a P/E/G ratio of 3.85 and a beta of 1.05. The stock’s fifty day moving average price is $84.66 and its two-hundred day moving average price is $100.34. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.59 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 given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is presently 250.00%.

Estée Lauder Companies 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.