Eurizon Capital SGR S.p.A. Sells 38,135 Shares of The Estee Lauder Companies Inc. $EL

Eurizon Capital SGR S.p.A. cut its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 9.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,006 shares of the company’s stock after selling 38,135 shares during the period. Eurizon Capital SGR S.p.A. owned about 0.10% of Estee Lauder Companies worth $33,403,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Estee Lauder Companies by 950.9% during the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock worth $993,567,000 after purchasing an additional 12,526,471 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Estee Lauder Companies during the third quarter worth about $134,551,000. KBC Group NV lifted its holdings in shares of Estee Lauder Companies by 910.3% in the 1st quarter. KBC Group NV now owns 707,692 shares of the company’s stock valued at $50,792,000 after purchasing an additional 637,641 shares during the last quarter. Amundi lifted its holdings in shares of Estee Lauder Companies by 33.8% in the 1st quarter. Amundi now owns 1,909,911 shares of the company’s stock valued at $137,074,000 after purchasing an additional 482,185 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Estee Lauder Companies by 1,629.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 412,570 shares of the company’s stock valued at $32,572,000 after purchasing an additional 388,711 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insiders Place Their Bets

In related news, VP Meridith Webster sold 4,177 shares of the stock in a transaction on Friday, November 13th. The stock was sold at an average price of $112.00, for a total transaction of $467,824.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charlene Barshefsky sold 3,775 shares of Estee Lauder Companies stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $98.82, for a total transaction of $373,045.50. Following the completion of the transaction, the director owned 50,971 shares in the company, valued at approximately $5,036,954.22. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 177,357 shares of company stock valued at $18,741,319. 11.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James Financial raised their price target on Estee Lauder Companies from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 20th. Piper Sandler boosted their price objective on Estee Lauder Companies from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. The Goldman Sachs Group increased their price objective on Estee Lauder Companies from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, October 16th. Canaccord Genuity Group increased their price objective on Estee Lauder Companies from $90.00 to $109.00 and gave the company a “hold” rating in a report on Thursday, October 22nd. Finally, Jefferies Financial Group raised their target price on shares of Estee Lauder Companies from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Estee Lauder Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.73.

Estee Lauder Companies Stock Performance

NYSE EL opened at $111.69 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 1.67. The Estee Lauder Companies Inc. has a 52-week low of $66.22 and a 52-week high of $121.64. The business’s 50-day moving average price is $101.80 and its 200 day moving average price is $91.59. The firm has a market cap of $40.47 billion, a P/E ratio of 37.98, a P/E/G ratio of 1.43 and a beta of 1.23.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.21. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, equities research analysts expect that The Estee Lauder Companies Inc. will post 3.44 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Estee Lauder Companies’s payout ratio is presently 140.00%.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc. is a global prestige beauty company founded in 1946 by Estée and Joseph Lauder. Based in New York City, it develops, markets and sells beauty products under a portfolio of brands, including Estée Lauder, Clinique, M·A·C, La Mer, Aveda and Jo Malone London. The company’s products span skin care, makeup, fragrance and hair care. It reaches consumers through department stores, specialty retailers, its own stores and websites, and other online and travel-retail channels.