M&T Bank Corp Sells 28,312 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

M&T Bank Corp cut its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 30.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,937 shares of the company's stock after selling 28,312 shares during the quarter. M&T Bank Corp's holdings in Estée Lauder Companies were worth $6,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC raised its stake in shares of Estée Lauder Companies by 325.4% in the 3rd quarter. LRI Investments LLC now owns 6,381 shares of the company's stock valued at $636,000 after buying an additional 4,881 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Estée Lauder Companies by 4.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 123,918 shares of the company's stock worth $12,353,000 after purchasing an additional 4,915 shares in the last quarter. National Bank of Canada FI boosted its holdings in Estée Lauder Companies by 56.6% during the third quarter. National Bank of Canada FI now owns 188,483 shares of the company's stock valued at $18,790,000 after purchasing an additional 68,113 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in Estée Lauder Companies during the third quarter valued at approximately $366,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Estée Lauder Companies in the 3rd quarter worth approximately $403,000. 55.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg acquired 75,500 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the acquisition, the director now directly owns 310,000 shares of the company's stock, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Down 0.3 %

Shares of EL traded down $0.21 on Thursday, hitting $81.01. The company's stock had a trading volume of 3,392,524 shares, compared to its average volume of 3,583,491. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $29.08 billion, a price-to-earnings ratio of 145.04, a P/E/G ratio of 5.14 and a beta of 1.05. The firm's fifty day moving average price is $78.85 and its 200-day moving average price is $93.26. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm's revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. On average, equities research analysts expect that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies's dividend payout ratio is presently 250.00%.

Wall Street Analysts Forecast Growth

EL has been the topic of several recent analyst reports. B. Riley decreased their price target on Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada lowered their target price on shares of Estée Lauder Companies from $131.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Thursday, October 31st. HSBC cut shares of Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a research note on Wednesday, October 16th. Finally, Morgan Stanley cut their target price on shares of Estée Lauder Companies from $100.00 to $85.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $98.57.

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