Estee Lauder Companies Inc (EL) Stake Lowered by Highbridge Capital Management LLC

Highbridge Capital Management LLC reduced its holdings in Estee Lauder Companies Inc (NYSE:EL) by 25.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,554 shares of the company’s stock after selling 4,346 shares during the quarter. Highbridge Capital Management LLC’s holdings in Estee Lauder Companies were worth $1,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EL. CSat Investment Advisory L.P. purchased a new position in Estee Lauder Companies in the 2nd quarter valued at approximately $106,000. NEXT Financial Group Inc purchased a new position in Estee Lauder Companies in the 3rd quarter valued at approximately $108,000. Amussen Hunsaker Associates LLC purchased a new position in Estee Lauder Companies in the 2nd quarter valued at approximately $112,000. Itau Unibanco Holding S.A. increased its stake in Estee Lauder Companies by 400.6% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock valued at $114,000 after purchasing an additional 637 shares in the last quarter. Finally, Fort L.P. purchased a new position in Estee Lauder Companies in the 2nd quarter valued at approximately $116,000. 55.98% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Tracey Thomas Travis sold 7,406 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $142.19, for a total transaction of $1,053,059.14. Following the sale, the chief financial officer now owns 32,764 shares in the company, valued at $4,658,713.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg sold 13,759 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $152.54, for a total value of $2,098,797.86. Following the sale, the director now owns 7,813 shares in the company, valued at approximately $1,191,795.02. The disclosure for this sale can be found here. Insiders have sold 262,907 shares of company stock valued at $37,950,946 in the last three months. 16.13% of the stock is currently owned by company insiders.

Estee Lauder Companies stock opened at $137.12 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.75 and a debt-to-equity ratio of 0.76. The firm has a market cap of $51.30 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 2.46 and a beta of 0.65. Estee Lauder Companies Inc has a fifty-two week low of $121.93 and a fifty-two week high of $158.80.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.19. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. Estee Lauder Companies had a return on equity of 38.29% and a net margin of 8.48%. Estee Lauder Companies’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share. On average, research analysts anticipate that Estee Lauder Companies Inc will post 4.83 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be given a dividend of $0.43 per share. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.72 annualized dividend and a yield of 1.25%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 38.14%.

EL has been the subject of several research analyst reports. Zacks Investment Research downgraded Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a research note on Monday, October 1st. JPMorgan Chase & Co. downgraded Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $138.00 price objective for the company. in a research note on Friday, October 12th. Stifel Nicolaus dropped their price objective on Estee Lauder Companies from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 15th. Piper Jaffray Companies set a $156.00 price objective on Estee Lauder Companies and gave the company an “overweight” rating in a research note on Tuesday, August 21st. Finally, Citigroup dropped their price objective on Estee Lauder Companies to $149.00 and set a “neutral” rating for the company in a research note on Tuesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $146.77.

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Estee 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, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

Further Reading: How does a reverse stock split work?

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

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