M&T Bank Corp Sells 51,653 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

M&T Bank Corp trimmed its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 78.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 14,284 shares of the company's stock after selling 51,653 shares during the quarter. M&T Bank Corp's holdings in Estée Lauder Companies were worth $1,071,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Peterson Wealth Services lifted its position in shares of Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock valued at $113,000 after acquiring an additional 134 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after buying an additional 141 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Estée Lauder Companies by 8.7% during the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock worth $139,000 after buying an additional 148 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock worth $64,000 after buying an additional 151 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after buying an additional 154 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EL shares. Telsey Advisory Group reissued a "market perform" rating and set a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Stifel Nicolaus lowered their price target on Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Canaccord Genuity Group lowered their price target on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Finally, CICC Research began coverage on Estée Lauder Companies in a report on Friday, December 27th. They issued a "market perform" rating and a $82.00 target price for the company. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $86.00.

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Estée Lauder Companies Trading Down 3.4 %

Shares of EL stock opened at $69.60 on Wednesday. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.54. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average of $74.01 and a 200-day moving average of $79.22. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of -35.69, a PEG ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.01%. Estée Lauder Companies's payout ratio is -71.79%.

Insider Activity at Estée Lauder Companies

In other news, Director Paul J. Fribourg purchased 43,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Akhil Shrivastava purchased 700 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares of the company's stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.

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.

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