Capital Group Private Client Services Inc. Sells 11,253 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Capital Group Private Client Services Inc. decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 18.1% during the 1st quarter, Holdings Channel reports. The firm owned 50,962 shares of the company’s stock after selling 11,253 shares during the period. Capital Group Private Client Services Inc.’s holdings in Estée Lauder Companies were worth $7,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in shares of Estée Lauder Companies in the fourth quarter worth approximately $26,000. Riverview Trust Co bought a new position in shares of Estée Lauder Companies in the first quarter worth approximately $26,000. Hexagon Capital Partners LLC boosted its holdings in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares in the last quarter. Crewe Advisors LLC bought a new stake in Estée Lauder Companies in the first quarter valued at $35,000. Finally, ICA Group Wealth Management LLC bought a new stake in Estée Lauder Companies in the fourth quarter valued at $41,000. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the topic of several recent analyst reports. Barclays cut 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 target price on shares of Estée Lauder Companies from $175.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada upgraded shares of Estée Lauder Companies from a “sector perform” rating to an “outperform” rating and set a $131.00 target price on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Estée Lauder Companies from $145.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Sixteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and an average target price of $149.63.

Insider Transactions at Estée Lauder Companies

In related news, CFO Tracey Thomas Travis sold 14,493 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the sale, the chief financial officer now directly owns 47,248 shares of the company’s stock, valued at approximately $6,412,971.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the transaction, the insider now directly owns 5,578 shares of the company’s stock, valued at $728,598.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the sale, the chief financial officer now owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The disclosure for this sale can be found here. Insiders have sold 42,255 shares of company stock worth $5,453,232 in the last quarter. Company insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE:EL traded up $0.81 during mid-day trading on Friday, reaching $100.71. The company’s stock had a trading volume of 2,045,675 shares, compared to its average volume of 2,830,373. The Estée Lauder Companies Inc. has a 12-month low of $95.87 and a 12-month high of $183.20. The firm’s fifty day moving average price is $113.27 and its two-hundred day moving average price is $131.79. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The stock has a market cap of $36.11 billion, a P/E ratio of 56.20, a PEG ratio of 1.83 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 2.21 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, May 31st. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.