Weiss Asset Management LP Sells 86 Shares of Estee Lauder Companies Inc (NYSE:EL)

Weiss Asset Management LP reduced its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,213 shares of the company’s stock after selling 86 shares during the quarter. Weiss Asset Management LP’s holdings in Estee Lauder Companies were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Next Capital Management LLC bought a new position in Estee Lauder Companies in the second quarter valued at about $25,000. Massey Quick Simon & CO. LLC lifted its holdings in Estee Lauder Companies by 387.9% in the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after acquiring an additional 128 shares during the period. NuWave Investment Management LLC bought a new position in Estee Lauder Companies in the second quarter valued at about $33,000. Meeder Asset Management Inc. bought a new position in Estee Lauder Companies in the second quarter valued at about $34,000. Finally, Thor Advisors LLC bought a new position in Estee Lauder Companies in the first quarter valued at about $37,000. 54.91% of the stock is currently owned by institutional investors.

In related news, EVP Alexandra C. Trower sold 6,608 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total transaction of $1,346,578.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Fabrizio Freda sold 28,819 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $206.51, for a total value of $5,951,411.69. Following the sale, the chief executive officer now owns 93,360 shares of the company’s stock, valued at approximately $19,279,773.60. The disclosure for this sale can be found here. Insiders have sold 2,180,943 shares of company stock valued at $428,626,737 in the last quarter. 16.13% of the stock is currently owned by company insiders.

EL has been the topic of a number of recent research reports. Raymond James reissued an “outperform” rating and issued a $216.00 target price (up previously from $181.00) on shares of Estee Lauder Companies in a report on Tuesday, August 20th. Credit Suisse Group upped their price target on Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research report on Tuesday, August 20th. Piper Jaffray Companies upped their price target on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, Citigroup upped their price target on Estee Lauder Companies from $197.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $188.88.

Shares of NYSE:EL traded down $3.30 during trading on Monday, hitting $191.52. 1,128,319 shares of the company’s stock were exchanged, compared to its average volume of 2,034,513. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.57 and a quick ratio of 1.13. Estee Lauder Companies Inc has a 52-week low of $121.47 and a 52-week high of $207.50. The business’s 50-day simple moving average is $192.11 and its 200 day simple moving average is $176.05. The company has a market cap of $71.15 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.52 and a beta of 0.78.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.11. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that Estee Lauder Companies Inc will post 5.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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