The Estee Lauder Companies Inc. $EL Stake Lowered by Parallel Advisors LLC

Parallel Advisors LLC reduced its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,603 shares of the company’s stock after selling 536 shares during the period. Parallel Advisors LLC’s holdings in Estee Lauder Companies were worth $291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EL. Bank Pictet & Cie Europe AG grew its holdings in shares of Estee Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after acquiring an additional 4,690 shares in the last quarter. American Assets Inc. acquired a new stake in shares of Estee Lauder Companies in the 4th quarter valued at $487,000. Vident Advisory LLC lifted its stake in shares of Estee Lauder Companies by 48.9% in the 4th quarter. Vident Advisory LLC now owns 4,726 shares of the company’s stock valued at $354,000 after purchasing an additional 1,553 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Estee Lauder Companies in the 4th quarter valued at $325,000. Finally, Toronto Dominion Bank lifted its stake in shares of Estee Lauder Companies by 3.0% in the 4th quarter. Toronto Dominion Bank now owns 131,430 shares of the company’s stock valued at $9,855,000 after purchasing an additional 3,816 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EL has been the subject of several analyst reports. Barclays lifted their price objective on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. reduced their price objective on shares of Estee Lauder Companies from $101.00 to $99.00 and set an “overweight” rating for the company in a research note on Thursday, August 21st. Bank of America initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, July 10th. They issued a “buy” rating and a $110.00 price objective for the company. Citigroup lifted their price objective on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $99.00 price objective on shares of Estee Lauder Companies in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $88.55.

Insider Transactions at Estee Lauder Companies

In other news, Director Lynn Forester sold 3,702 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $91.65, for a total transaction of $339,288.30. Following the completion of the transaction, the director owned 15,479 shares of the company’s stock, valued at approximately $1,418,650.35. This represents a 19.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lande Rashida La sold 6,417 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

Estee Lauder Companies Stock Down 0.3%

Estee Lauder Companies stock opened at $87.73 on Monday. The firm has a market cap of $31.57 billion, a price-to-earnings ratio of -27.94, a P/E/G ratio of 2.51 and a beta of 1.15. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The firm has a fifty day moving average price of $89.60 and a two-hundred day moving average price of $74.90.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The business’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. As a group, analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. Estee Lauder Companies’s dividend payout ratio is currently -44.59%.

About Estee 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, and powders, as well as compacts, brushes, and other makeup tools.