OPSEU Pension Plan Trust Fund Has $1.31 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

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OPSEU Pension Plan Trust Fund raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,975 shares of the company’s stock after buying an additional 548 shares during the quarter. OPSEU Pension Plan Trust Fund’s holdings in The Estée Lauder Companies were worth $1,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Community Bank N.A. acquired a new position in shares of The Estée Lauder Companies during the second quarter worth approximately $25,000. Hall Laurie J Trustee bought a new stake in The Estée Lauder Companies during the third quarter worth $28,000. Winslow Evans & Crocker Inc. grew its holdings in The Estée Lauder Companies by 312.5% during the third quarter. Winslow Evans & Crocker Inc. now owns 165 shares of the company’s stock worth $36,000 after buying an additional 125 shares in the last quarter. Old North State Trust LLC bought a new stake in The Estée Lauder Companies during the third quarter worth $41,000. Finally, NEXT Financial Group Inc bought a new stake in The Estée Lauder Companies during the third quarter worth $45,000. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EL stock traded down $1.92 during mid-day trading on Tuesday, hitting $256.42. The company’s stock had a trading volume of 16,010 shares, compared to its average volume of 1,683,632. The Estée Lauder Companies Inc. has a 52-week low of $137.01 and a 52-week high of $259.77. The business has a 50-day moving average price of $228.74 and a 200 day moving average price of $204.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.32 and a current ratio of 1.85. The stock has a market cap of $93.42 billion, a price-to-earnings ratio of 157.53, a PEG ratio of 3.60 and a beta of 0.83.

The Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Saturday, November 7th. The company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.54. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The company’s revenue was down 8.5% on a year-over-year basis. Equities research analysts predict that The Estée Lauder Companies Inc. will post 5.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.12 annualized dividend and a dividend yield of 0.83%. This is a boost from The Estée Lauder Companies’s previous quarterly dividend of $0.48. The Estée Lauder Companies’s payout ratio is currently 46.60%.

In related news, CEO Fabrizio Freda sold 77,530 shares of The Estée Lauder Companies stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $248.85, for a total value of $19,293,340.50. Following the completion of the sale, the chief executive officer now owns 185,413 shares of the company’s stock, valued at $46,140,025.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory Polcer sold 2,346 shares of The Estée Lauder Companies stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $224.94, for a total value of $527,709.24. Following the completion of the sale, the executive vice president now directly owns 84,332 shares of the company’s stock, valued at approximately $18,969,640.08. The disclosure for this sale can be found here. Insiders sold 584,148 shares of company stock valued at $135,473,398 in the last 90 days. Company insiders own 13.95% of the company’s stock.

A number of research analysts have issued reports on the company. Argus upped their price objective on The Estée Lauder Companies from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Piper Sandler reduced their price objective on The Estée Lauder Companies from $246.00 to $202.00 in a research note on Tuesday, November 3rd. Deutsche Bank Aktiengesellschaft increased their price target on The Estée Lauder Companies from $248.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Telsey Advisory Group increased their price target on The Estée Lauder Companies from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Finally, JPMorgan Chase & Co. increased their price target on The Estée Lauder Companies from $156.00 to $180.00 and gave the stock an “underweight” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The Estée Lauder Companies presently has an average rating of “Buy” and an average price target of $229.10.

The Estée Lauder Companies Company Profile

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, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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

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