US Bancorp DE trimmed its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,114 shares of the company’s stock after selling 2,544 shares during the period. US Bancorp DE’s holdings in Estee Lauder Companies were worth $32,065,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Next Capital Management LLC bought a new stake in shares of Estee Lauder Companies in the 2nd quarter worth about $25,000. Massey Quick Simon & CO. LLC lifted its holdings in Estee Lauder Companies by 387.9% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after buying an additional 128 shares in the last quarter. NuWave Investment Management LLC bought a new stake in Estee Lauder Companies during the 2nd quarter valued at about $33,000. Meeder Asset Management Inc. bought a new stake in Estee Lauder Companies during the 2nd quarter valued at about $34,000. Finally, Thor Advisors LLC bought a new stake in Estee Lauder Companies during the 1st quarter valued at about $37,000. 54.94% of the stock is owned by institutional investors.
Shares of EL stock traded down $2.40 during trading hours on Friday, hitting $194.82. The company’s stock had a trading volume of 1,648,462 shares, compared to its average volume of 2,034,513. The company has a 50 day moving average of $192.11 and a 200 day moving average of $176.05. The stock has a market cap of $71.15 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 2.52 and a beta of 0.78. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. Estee Lauder Companies Inc has a 12-month low of $121.47 and a 12-month high of $207.50.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.53 by $0.11. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.53 billion. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, analysts anticipate that Estee Lauder Companies Inc will post 5.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 32.21%.
In related news, EVP Alexandra C. Trower sold 6,608 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total value of $1,346,578.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $196.00, for a total transaction of $392,000,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,180,943 shares of company stock worth $428,626,737 over the last ninety days. Insiders own 16.13% of the company’s stock.
A number of equities research analysts recently weighed in on EL shares. Citigroup lifted their price objective on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. DA Davidson lifted their price objective on shares of Estee Lauder Companies from $6.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. They noted that the move was a valuation call. Deutsche Bank reiterated a “buy” rating and set a $221.00 price objective (up previously from $202.00) on shares of Estee Lauder Companies in a report on Tuesday, August 20th. UBS Group lifted their price objective on shares of Estee Lauder Companies from $172.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Piper Jaffray Companies lifted their price objective on shares of Estee Lauder Companies from $178.00 to $187.00 and gave the company an “overweight” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $188.88.
Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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