Arcadia Investment Management Corp MI Cuts Position in The Estée Lauder Companies Inc. (NYSE:EL)

Arcadia Investment Management Corp MI reduced its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,766 shares of the company's stock after selling 6,015 shares during the quarter. Arcadia Investment Management Corp MI's holdings in Estée Lauder Companies were worth $4,018,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EL. Vanguard Group Inc. grew its position in shares of Estée Lauder Companies by 6.4% during the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company's stock worth $3,188,832,000 after buying an additional 1,250,555 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Estée Lauder Companies by 13.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,151,580 shares of the company's stock worth $607,169,000 after buying an additional 496,308 shares in the last quarter. Norges Bank acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth about $518,975,000. Clearbridge Investments LLC grew its position in shares of Estée Lauder Companies by 4.6% during the first quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company's stock worth $487,612,000 after buying an additional 140,416 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Estée Lauder Companies by 12.0% during the second quarter. Van ECK Associates Corp now owns 2,962,985 shares of the company's stock worth $315,262,000 after buying an additional 318,257 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the 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 of the company's stock, valued at $1,423,714.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Forester sold 3,890 shares of the 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 transaction, 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. Corporate insiders own 12.77% of the company's stock.

Analyst Ratings Changes

EL has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Estée Lauder Companies from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Tuesday, August 20th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Evercore ISI lowered their price target on Estée Lauder Companies from $180.00 to $130.00 and set an "outperform" rating for the company in a report on Tuesday, August 20th. Morgan Stanley lowered their price target on Estée Lauder Companies from $140.00 to $100.00 and set an "equal weight" rating for the company in a report on Tuesday, August 20th. Finally, Barclays reduced their price objective on Estée Lauder Companies from $136.00 to $117.00 and set an "equal weight" rating for the company in a research note on Friday, July 19th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $122.77.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded down $2.58 during trading hours on Friday, hitting $87.49. The stock had a trading volume of 3,868,567 shares, compared to its average volume of 3,087,757. 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 stock has a market capitalization of $31.37 billion, a price-to-earnings ratio of 49.15, a PEG ratio of 1.53 and a beta of 0.99. The Estée Lauder Companies Inc. has a 1-year low of $86.05 and a 1-year high of $159.75. The stock's fifty day moving average is $96.71 and its two-hundred day moving average is $122.45.

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, beating the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion for 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%. Estée Lauder Companies's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. As a group, analysts predict that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies's payout ratio is currently 148.31%.

Estée Lauder Companies Company 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.