Joel Isaacson & Co. LLC Lowers Stake in The Estée Lauder Companies Inc. (NYSE:EL)
From MarketBeat:
Joel Isaacson & Co. LLC reduced its stake in Estée Lauder Companies by 19.8% in Q3 to 40,398 shares worth $5,840,000. Other institutional investors with significant positions include Van ECK Associates Corp, Mackenzie Financial Corp, S.E.E.D. Planning Group LLC, Comerica Bank, and Natixis Investment Managers International. Institutional and hedge fund investors own 55.15% of the company’s stock. EL stock reached $146.25 with a trading volume of 1,270,300 shares on Monday, November 1st. The 52-week low of the stock is $102.22 and the high is $283.62. Estée Lauder Companies Inc. has a market capitalization of $52.34 billion, a P/E ratio of 96.22, a price-to-earnings-growth ratio of 4.10, and a beta of 1.06. The firm recently paid a quarterly dividend of $0.66 on December 15th, with an annual yield of 1.81%. The ex-dividend date of this dividend was November 29th. “Moderate Buy” is the current rating for Estée Lauder Companies among analysts. However, top-rated analysts recommend five other stocks as better buys.
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