Strategy Asset Managers LLC purchased a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,028 shares of the company's stock, valued at approximately $2,131,000.
A number of other institutional investors also recently added to or reduced their stakes in EL. Riverview Trust Co bought a new position in shares of Estée Lauder Companies during the 1st quarter worth approximately $26,000. Hexagon Capital Partners LLC raised its stake in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company's stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies during the first quarter valued at $35,000. Chilton Capital Management LLC boosted its stake 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 purchasing an additional 163 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company's stock worth $41,000 after purchasing an additional 261 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
EL has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Estée Lauder Companies from $165.00 to $125.00 and set a "buy" rating for the company in a report on Tuesday, August 20th. Raymond James cut shares of Estée Lauder Companies from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their price target on Estée Lauder Companies from $129.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 20th. Barclays dropped their price target on Estée Lauder Companies from $136.00 to $117.00 and set an "equal weight" rating for the company in a report on Friday, July 19th. Finally, Bank of America lowered Estée Lauder Companies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $140.00 to $100.00 in a research note on Friday, August 16th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $122.77.
Get Our Latest Analysis on EL
Estée Lauder Companies Trading Down 0.1 %
Shares of EL stock traded down $0.12 during trading hours on Wednesday, reaching $92.41. The company had a trading volume of 3,514,872 shares, compared to its average volume of 3,083,895. The Estée Lauder Companies Inc. has a 1-year low of $86.05 and a 1-year high of $163.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The firm has a market cap of $33.13 billion, a price-to-earnings ratio of 51.92, a P/E/G ratio of 1.53 and a beta of 0.99. The company has a 50 day moving average of $97.50 and a 200 day moving average of $123.08.
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 (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. On average, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.99 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.66 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 2.86%. Estée Lauder Companies's dividend payout ratio (DPR) is presently 148.31%.
Insider Transactions at Estée Lauder Companies
In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares of the company's stock, valued at $1,423,714.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Charlene Barshefsky sold 3,437 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Forester sold 3,890 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The disclosure for this sale can be found here. Insiders own 12.77% of the company's stock.
Estée Lauder Companies Company Profile
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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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