Boston Financial Mangement LLC Has $564,000 Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Boston Financial Mangement LLC decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,657 shares of the company’s stock after selling 1,051 shares during the quarter. Boston Financial Mangement LLC’s holdings in Estée Lauder Companies were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its stake in Estée Lauder Companies by 16.6% in the third quarter. Nisa Investment Advisors LLC now owns 74,454 shares of the company’s stock valued at $7,422,000 after buying an additional 10,618 shares during the period. First Financial Bankshares Inc lifted its stake in Estée Lauder Companies by 1,292.3% in the third quarter. First Financial Bankshares Inc now owns 236,342 shares of the company’s stock valued at $23,561,000 after buying an additional 219,367 shares during the period. Forsta AP Fonden lifted its stake in Estée Lauder Companies by 17.9% in the third quarter. Forsta AP Fonden now owns 51,490 shares of the company’s stock valued at $5,133,000 after buying an additional 7,800 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Estée Lauder Companies by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,485 shares of the company’s stock valued at $1,646,000 after buying an additional 4,287 shares during the period. Finally, Allworth Financial LP lifted its stake in Estée Lauder Companies by 21.3% in the third quarter. Allworth Financial LP now owns 1,642 shares of the company’s stock valued at $164,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EL. The Goldman Sachs Group dropped their price target on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research report on Tuesday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 price target on shares of Estée Lauder Companies in a research report on Thursday, October 24th. Finally, StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $116.91.

Estée Lauder Companies Stock Up 0.1 %

EL stock opened at $88.78 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $91.17 and a two-hundred day moving average price of $107.32. The company has a market cap of $31.83 billion, a price-to-earnings ratio of 49.88, a P/E/G ratio of 1.47 and a beta of 1.01. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. Analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.97%. Estée Lauder Companies’s payout ratio is 148.31%.

Insider Activity

In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

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.