The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 56.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 188,483 shares of the company’s stock after buying an additional 68,113 shares during the quarter. National Bank of Canada FI owned 0.05% of Estée Lauder Companies worth $18,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. iA Global Asset Management Inc. acquired a new position in Estée Lauder Companies in the third quarter valued at approximately $366,000. EP Wealth Advisors LLC acquired a new stake in shares of Estée Lauder Companies in the third quarter valued at about $403,000. Kovitz Investment Group Partners LLC purchased a new stake in Estée Lauder Companies during the 3rd quarter worth approximately $1,229,000. Worldquant Millennium Advisors LLC increased its position in shares of Estée Lauder Companies by 695.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock worth $111,994,000 after purchasing an additional 982,183 shares in the last quarter. Finally, Wahed Invest LLC grew its holdings in shares of Estée Lauder Companies by 9.3% during the third quarter. Wahed Invest LLC now owns 5,597 shares of the company’s stock worth $558,000 after buying an additional 477 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EL. B. Riley dropped their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Piper Sandler lifted their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. DA Davidson reiterated a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, November 20th. Canaccord Genuity Group reduced their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen reduced their price target 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. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and an average target price of $98.57.

Estée Lauder Companies Stock Up 3.0 %

Estée Lauder Companies stock opened at $81.70 on Tuesday. The stock has a 50 day moving average of $79.46 and a two-hundred day moving average of $93.65. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $29.33 billion, a price-to-earnings ratio of 145.89, a PEG ratio of 5.14 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data 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. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. As a group, research analysts expect that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business 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 dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.71%. Estée Lauder Companies’s payout ratio is currently 250.00%.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg acquired 77,500 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

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.