Dupree Financial Group LLC Makes New $2.77 Million Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Dupree Financial Group LLC bought a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the 3rd quarter, Holdings Channel.com reports. The firm bought 27,800 shares of the company’s stock, valued at approximately $2,771,000.

Other large investors have also modified their holdings of the company. Riverview Trust Co acquired a new position in Estée Lauder Companies during the 1st quarter worth approximately $26,000. Hexagon Capital Partners LLC lifted its position in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Estée Lauder Companies during the second quarter worth $30,000. PARK CIRCLE Co purchased a new position in shares of Estée Lauder Companies in the second quarter valued at $32,000. Finally, Kimelman & Baird LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

EL opened at $87.59 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $91.66 and its 200-day moving average is $109.30. The stock has a market cap of $31.41 billion, a PE ratio of 49.21, a price-to-earnings-growth ratio of 1.58 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 announced its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors 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 yield of 3.01%. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were 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 approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Lynn Forester sold 3,890 shares of the business’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 transaction of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s 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 completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Evercore ISI cut their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Hsbc Global Res downgraded Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Canaccord Genuity Group restated a “hold” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, August 20th. The Goldman Sachs Group cut their target price 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. Finally, B. Riley began coverage on shares of Estée Lauder Companies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target for the company. Sixteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.36.

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.