The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 23.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,241 shares of the company’s stock after selling 2,569 shares during the period. SVB Wealth LLC’s holdings in Estée Lauder Companies were worth $1,270,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in shares of Estée Lauder Companies during the fourth quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies in the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC lifted its position 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 buying an additional 99 shares in the last quarter. Crewe Advisors LLC acquired a new position in Estée Lauder Companies during the first quarter worth $35,000. Finally, ICA Group Wealth Management LLC purchased a new stake in Estée Lauder Companies in the 4th quarter valued at $41,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Down 2.3 %

Shares of NYSE EL traded down $2.29 during midday trading on Tuesday, hitting $98.44. 555,740 shares of the company’s stock were exchanged, compared to its average volume of 2,810,940. The firm’s fifty day simple moving average is $111.98 and its 200-day simple moving average is $131.17. The company has a market cap of $35.30 billion, a PE ratio of 55.23, a P/E/G ratio of 1.85 and a beta of 0.99. The Estée Lauder Companies Inc. has a twelve month low of $95.87 and a twelve month high of $183.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15.

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 business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Research analysts predict that The Estée Lauder Companies Inc. will post 2.21 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a $0.66 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.68%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EL shares. DA Davidson restated a “buy” rating and set a $191.00 price target on shares of Estée Lauder Companies in a report on Wednesday, July 24th. Royal Bank of Canada raised Estée Lauder Companies from a “sector perform” rating to an “outperform” rating and set a $131.00 price target on the stock in a research note on Wednesday, July 24th. Morgan Stanley downgraded Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $164.00 to $140.00 in a research report on Friday, May 3rd. Canaccord Genuity Group decreased their target price on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company dropped their price target on shares of Estée Lauder Companies from $163.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $147.87.

Insider Buying and Selling

In other news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares in the company, valued at $6,958,990.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Jueptner sold 12,786 shares of the business’s stock in a transaction dated 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 owns 5,578 shares in the company, valued at approximately $728,598.36. 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. 12.77% of the stock is owned by insiders.

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.