Edgestream Partners L.P. Grows Position in The Estée Lauder Companies Inc. (NYSE:EL)

Edgestream Partners L.P. boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 455.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,324 shares of the company’s stock after buying an additional 15,023 shares during the period. Edgestream Partners L.P.’s holdings in Estée Lauder Companies were worth $2,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies during the first quarter valued at about $26,000. Rakuten Securities Inc. purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $26,000. Hexagon Capital Partners LLC increased its holdings in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Chilton Capital Management LLC raised its position in Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Price Performance

Shares of NYSE EL traded down $0.32 during trading on Tuesday, hitting $100.72. 195,027 shares of the company were exchanged, compared to its average volume of 2,815,959. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The Estée Lauder Companies Inc. has a 1 year low of $95.87 and a 1 year high of $183.20. The company has a market cap of $36.11 billion, a price-to-earnings ratio of 56.78, a PEG ratio of 1.79 and a beta of 0.99. The firm’s fifty day moving average price is $115.45 and its 200 day moving average price is $132.50.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Friday, May 31st. Estée Lauder Companies’s payout ratio is currently 148.32%.

Wall Street Analyst Weigh In

EL has been the subject of a number of research analyst reports. Oppenheimer restated a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Morgan Stanley downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $164.00 to $140.00 in a research note on Friday, May 3rd. StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Canaccord Genuity Group decreased their target price on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Estée Lauder Companies from $145.00 to $129.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Seventeen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $149.63.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the sale, the insider now owns 5,578 shares of the company’s stock, valued at $728,598.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Peter Jueptner sold 12,786 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the sale, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tracey Thomas Travis sold 14,493 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the transaction, the chief financial officer now owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock valued at $5,453,232 in the last ninety days. Corporate insiders own 12.77% of the company’s stock.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.