BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $2.08 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 87.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,562 shares of the company’s stock after selling 134,316 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Estée Lauder Companies were worth $2,081,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Riverview Trust Co acquired a new position in Estée Lauder Companies during the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC raised its position in 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 acquiring an additional 99 shares in the last quarter. Crewe Advisors LLC bought a new stake in Estée Lauder Companies during the first quarter worth $35,000. ICA Group Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at $41,000. Finally, Larson Financial Group LLC grew its position in shares of Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after acquiring an additional 261 shares during the period. Institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

EL has been the topic of a number of research analyst reports. StockNews.com raised shares of Estée Lauder Companies from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Morgan Stanley cut their price objective on Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Stifel Nicolaus decreased their target price on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research note on Tuesday, August 20th. Finally, DA Davidson reaffirmed a “buy” rating and set a $130.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, August 28th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $122.77.

Estée Lauder Companies Stock Up 1.2 %

NYSE EL opened at $91.66 on Monday. The company has a market cap of $32.88 billion, a price-to-earnings ratio of 51.49, a PEG ratio of 1.53 and a beta of 0.99. The Estée Lauder Companies Inc. has a 1-year low of $86.05 and a 1-year high of $165.76. 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 company has a 50 day moving average of $98.81 and a 200-day moving average of $124.06.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data 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. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. On average, equities research analysts expect that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a yield of 2.88%. Estée Lauder Companies’s payout ratio is 148.32%.

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 transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were 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 directly owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies 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.