Vident Investment Advisory LLC lessened its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,241 shares of the company’s stock after selling 721 shares during the quarter. Vident Investment Advisory LLC’s holdings in Estee Lauder Companies were worth $605,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. acquired a new stake in Estee Lauder Companies in the second quarter valued at $106,000. Itau Unibanco Holding S.A. boosted its stake in shares of Estee Lauder Companies by 400.6% during the second quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock valued at $114,000 after acquiring an additional 637 shares during the last quarter. Fort L.P. acquired a new stake in shares of Estee Lauder Companies during the second quarter valued at $116,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Estee Lauder Companies during the second quarter valued at $144,000. Finally, Institutional & Family Asset Management LLC acquired a new stake in shares of Estee Lauder Companies during the first quarter valued at $153,000. Institutional investors and hedge funds own 56.37% of the company’s stock.

EL has been the topic of a number of analyst reports. Deutsche Bank decreased their price objective on Estee Lauder Companies to $159.00 and set a “buy” rating on the stock in a research note on Tuesday, August 21st. JPMorgan Chase & Co. set a $154.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a research note on Tuesday, August 21st. DA Davidson raised Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $134.00 to $167.00 in a research note on Tuesday, August 21st. Piper Jaffray Companies set a $162.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a research note on Thursday, August 16th. Finally, Morgan Stanley downgraded Estee Lauder Companies from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective on the stock. in a report on Monday, June 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $146.33.

Shares of EL traded down $1.76 during mid-day trading on Friday, hitting $126.32. The stock had a trading volume of 3,714,532 shares, compared to its average volume of 1,970,880. The firm has a market cap of $53.36 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 2.24 and a beta of 0.61. The company has a current ratio of 1.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. Estee Lauder Companies Inc has a fifty-two week low of $108.25 and a fifty-two week high of $158.80.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 20th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. Estee Lauder Companies had a return on equity of 36.09% and a net margin of 8.10%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, sell-side analysts predict that Estee Lauder Companies Inc will post 4.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, August 30th. Estee Lauder Companies’s payout ratio is currently 33.70%.

In other news, CEO Fabrizio Freda sold 31,055 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $138.42, for a total value of $4,298,633.10. Following the sale, the chief executive officer now owns 99,008 shares of the company’s stock, valued at approximately $13,704,687.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jane Lauder sold 36,334 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $133.23, for a total value of $4,840,778.82. Following the completion of the sale, 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. Insiders have sold a total of 107,756 shares of company stock worth $14,739,082 in the last ninety days. 16.13% of the stock is owned by company insiders.

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: Intrinsic Value and Stock Selection

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

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