SRS Capital Advisors Inc. lessened its stake in Estee Lauder Companies Inc (NYSE:EL) by 35.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,816 shares of the company’s stock after selling 1,008 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Estee Lauder Companies were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Acropolis Investment Management LLC increased its holdings in Estee Lauder Companies by 4.6% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,137 shares of the company’s stock worth $1,182,000 after acquiring an additional 360 shares in the last quarter. Brookmont Capital Management increased its holdings in Estee Lauder Companies by 12.1% in the 2nd quarter. Brookmont Capital Management now owns 3,369 shares of the company’s stock worth $481,000 after acquiring an additional 363 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Estee Lauder Companies by 11.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,875 shares of the company’s stock worth $553,000 after acquiring an additional 390 shares in the last quarter. Norway Savings Bank increased its holdings in Estee Lauder Companies by 20.7% in the 3rd quarter. Norway Savings Bank now owns 2,363 shares of the company’s stock worth $343,000 after acquiring an additional 405 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in Estee Lauder Companies by 1.9% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,236 shares of the company’s stock worth $3,172,000 after acquiring an additional 419 shares in the last quarter. 55.77% of the stock is owned by institutional investors.

Shares of EL stock opened at $140.23 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.28 and a current ratio of 1.75. The stock has a market cap of $52.27 billion, a PE ratio of 31.09, a PEG ratio of 2.47 and a beta of 0.66. Estee Lauder Companies Inc has a twelve month low of $121.93 and a twelve month high of $158.80.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be given a dividend of $0.43 per share. This is a boost 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 dividend yield of 1.23%. Estee Lauder Companies’s payout ratio is presently 33.70%.

Several brokerages have issued reports on EL. Credit Suisse Group lifted their target price on shares of Estee Lauder Companies from $156.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Oppenheimer lowered their target price on shares of Estee Lauder Companies from $170.00 to $148.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 14th. Piper Jaffray Companies set a $152.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Monday, October 22nd. Raymond James lifted their target price on shares of Estee Lauder Companies from $151.00 to $154.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, JPMorgan Chase & Co. set a $154.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $146.98.

In other news, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $137.57, for a total transaction of $233,869.00. Following the transaction, the director now owns 15,040 shares of the company’s stock, valued at approximately $2,069,052.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jane Lauder sold 36,334 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $133.23, for a total transaction of $4,840,778.82. Following the transaction, the director now directly owns 45,037 shares in the company, valued at approximately $6,000,279.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,228 shares of company stock worth $22,034,923. Corporate insiders own 16.13% of the company’s stock.

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About Estee Lauder Companies

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.

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

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