Modera Wealth Management LLC reduced its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 70.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,209 shares of the company's stock after selling 7,481 shares during the period. Modera Wealth Management LLC's holdings in Estée Lauder Companies were worth $341,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Riverview Trust Co bought a new position in shares of Estée Lauder Companies in the first quarter worth $26,000. Hexagon Capital Partners LLC increased its stake in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company's stock worth $30,000 after acquiring an additional 99 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Estée Lauder Companies in the 1st quarter valued at about $35,000. Chilton Capital Management LLC raised its holdings in shares of Estée Lauder Companies by 163.0% in the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company's stock valued at $41,000 after acquiring an additional 163 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company's stock valued at $41,000 after acquiring an additional 261 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Charlene Barshefsky sold 3,437 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares of the company's stock, valued at approximately $4,578,114. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares of the company's stock, valued at $4,578,114. The disclosure for this sale can be found here. Company insiders own 12.77% of the company's stock.
Estée Lauder Companies Trading Up 1.9 %
EL traded up $1.74 during trading on Friday, hitting $91.66. 2,652,362 shares of the stock traded hands, compared to its average volume of 3,071,413. The firm has a market capitalization of $32.87 billion, a P/E ratio of 51.49, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The Estée Lauder Companies Inc. has a 12-month low of $86.05 and a 12-month high of $165.76. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a 50-day moving average of $99.26 and a 200 day moving average of $124.69.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the business posted $0.07 earnings per share. Estée Lauder Companies's revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.21 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies's payout ratio is currently 148.31%.
Analysts Set New Price Targets
EL has been the topic of several research analyst reports. UBS Group decreased their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 20th. Barclays decreased their price target on shares of Estée Lauder Companies from $136.00 to $117.00 and set an "equal weight" rating on the stock in a report on Friday, July 19th. Citigroup dropped their price objective on shares of Estée Lauder Companies from $110.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, August 20th. Wells Fargo & Company reduced their target price on Estée Lauder Companies from $130.00 to $117.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $131.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of "Hold" and an average target price of $122.77.
View Our Latest Stock Report on Estée Lauder Companies
Estée Lauder Companies Profile
(
Free Report)
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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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