The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,281 shares of the company’s stock after selling 559 shares during the quarter. Amalgamated Bank’s holdings in Estée Lauder Companies were worth $3,470,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies in the 3rd quarter worth $31,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies during the fourth quarter worth about $29,000. Deseret Mutual Benefit Administrators raised its position in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Estée Lauder Companies in the 4th quarter valued at about $30,000. Finally, Eagle Bay Advisors LLC lifted its stake in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EL. Telsey Advisory Group reissued a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Morgan Stanley reduced their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Canaccord Genuity Group decreased their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. DA Davidson reaffirmed a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Trading Down 1.6 %

NYSE EL opened at $71.83 on Friday. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.54. The stock has a market capitalization of $25.78 billion, a P/E ratio of -36.83, a PEG ratio of 6.09 and a beta of 1.03. The firm’s 50-day moving average is $74.55 and its two-hundred day moving average is $80.47. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the business posted $0.88 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. Estée Lauder Companies’s payout ratio is presently -71.79%.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 43,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

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