Brooklyn Investment Group Cuts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Brooklyn Investment Group trimmed its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 55.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 762 shares of the company’s stock after selling 942 shares during the period. Brooklyn Investment Group’s holdings in Estée Lauder Companies were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EL. Eagle Bay Advisors LLC raised its stake in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies during the 3rd quarter valued at $31,000. Kimelman & Baird LLC purchased a new position in Estée Lauder Companies in the 2nd quarter worth $32,000. Ecofi Investissements SA bought a new stake in Estée Lauder Companies in the second quarter worth $53,000. Finally, Rakuten Securities Inc. boosted its position in Estée Lauder Companies by 752.9% during the third quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock valued at $58,000 after buying an additional 512 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the acquisition, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL opened at $77.86 on Monday. The business’s 50-day moving average is $73.76 and its two-hundred day moving average is $85.50. The company has a market capitalization of $27.95 billion, a P/E ratio of 139.04, a P/E/G ratio of 5.02 and a beta of 1.02. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. Research analysts predict 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 was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.80%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Analyst Ratings Changes

Several analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research report on Monday, December 23rd. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. The Goldman Sachs Group cut their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Barclays upped their price objective on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, B. Riley cut their target price on 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. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $93.55.

Estée Lauder Companies Company 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.