The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,119 shares of the company’s stock after selling 144 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Estée Lauder Companies were worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $518,975,000. Lazard Asset Management LLC lifted its position in Estée Lauder Companies by 68.5% in the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after buying an additional 1,512,982 shares during the last quarter. Carmignac Gestion boosted its stake in Estée Lauder Companies by 1,908.0% during the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock worth $174,895,000 after buying an additional 1,136,201 shares during the period. Vanguard Group Inc. increased its position in shares of Estée Lauder Companies by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 19,435,995 shares of the company’s stock valued at $2,842,514,000 after acquiring an additional 809,370 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Estée Lauder Companies by 32.6% in the 4th quarter. Clearbridge Investments LLC now owns 3,022,816 shares of the company’s stock valued at $442,087,000 after acquiring an additional 742,449 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $106.40 on Friday. The stock’s 50-day simple moving average is $126.73 and its 200-day simple moving average is $137.22. The firm has a market capitalization of $38.15 billion, a PE ratio of 59.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.04. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $198.86. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently declared 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 yield of 2.48%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Insider Buying and Selling at Estée Lauder Companies

In other news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the sale, the insider now owns 5,578 shares in the company, valued at $728,598.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the transaction, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction 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 approximately $6,412,971.04. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock worth $5,453,232 over the last 90 days. Corporate insiders own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

EL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday, May 1st. Barclays lowered their price target on Estée Lauder Companies from $140.00 to $136.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. JPMorgan Chase & Co. lowered their target price on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Bernstein Bank boosted their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Sixteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $160.75.

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.