Cullen Frost Bankers Inc. Decreases Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Cullen Frost Bankers Inc. lowered its position in The Estée Lauder Companies Inc. (NYSE:EL) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,988 shares of the company’s stock after selling 750 shares during the period. Cullen Frost Bankers Inc.’s holdings in Estée Lauder Companies were worth $1,701,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. 9258 Wealth Management LLC grew its holdings in Estée Lauder Companies by 59.3% in the fourth quarter. 9258 Wealth Management LLC now owns 3,043 shares of the company’s stock worth $445,000 after purchasing an additional 1,133 shares during the last quarter. Principal Securities Inc. purchased a new position in Estée Lauder Companies during the 4th quarter worth $267,000. Versor Investments LP acquired a new position in Estée Lauder Companies during the 4th quarter valued at about $361,000. Cary Street Partners Investment Advisory LLC raised its stake in Estée Lauder Companies by 74.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,749 shares of the company’s stock valued at $256,000 after buying an additional 748 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Estée Lauder Companies by 3.1% in the fourth quarter. QRG Capital Management Inc. now owns 11,754 shares of the company’s stock worth $1,719,000 after acquiring an additional 351 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

EL opened at $87.50 on Monday. The firm has a fifty day moving average price of $96.71 and a 200 day moving average price of $122.11. The Estée Lauder Companies Inc. has a 1 year low of $86.05 and a 1 year high of $159.75. The stock has a market cap of $31.37 billion, a P/E ratio of 49.16, a P/E/G ratio of 1.53 and a beta of 1.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies’s payout ratio is currently 148.31%.

Analyst Ratings Changes

EL has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Telsey Advisory Group reissued a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a report on Monday, August 19th. StockNews.com upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Finally, Piper Sandler raised Estée Lauder Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $114.00 in a research report on Thursday, August 22nd. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $122.77.

Insider Activity

In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

About Estée Lauder Companies

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.