DoubleLine ETF Adviser LP Has $1.01 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

DoubleLine ETF Adviser LP lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,476 shares of the company’s stock after selling 717 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Estée Lauder Companies were worth $1,008,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EL. 9258 Wealth Management LLC lifted its position in shares of Estée Lauder Companies by 59.3% during the fourth quarter. 9258 Wealth Management LLC now owns 3,043 shares of the company’s stock valued at $445,000 after purchasing an additional 1,133 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Estée Lauder Companies by 15.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,432 shares of the company’s stock worth $755,000 after buying an additional 723 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Estée Lauder Companies by 10.5% in the 4th quarter. TD Asset Management Inc now owns 82,467 shares of the company’s stock worth $12,061,000 after buying an additional 7,808 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $334,000. Finally, Treasurer of the State of North Carolina increased its position in shares of Estée Lauder Companies by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 104,777 shares of the company’s stock valued at $15,324,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Trading Down 0.4 %

Estée Lauder Companies stock opened at $91.61 on Thursday. The stock has a market cap of $32.86 billion, a P/E ratio of 51.47, a PEG ratio of 1.46 and a beta of 1.00. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The firm’s fifty day moving average price is $92.45 and its 200-day moving average price is $116.92. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.07 EPS. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on EL. Royal Bank of Canada restated an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Telsey Advisory Group restated a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a report on Monday, August 19th. Barclays reduced their target price on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. DA Davidson reiterated a “buy” rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday. Finally, B. Riley began coverage on Estée Lauder Companies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $120.27.

Insiders Place Their Bets

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on 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 owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

About Estée Lauder Companies

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.