Blair William & Co. IL Sells 4,803 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Blair William & Co. IL decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,287 shares of the company’s stock after selling 4,803 shares during the quarter. Blair William & Co. IL’s holdings in Estée Lauder Companies were worth $7,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EL. 9258 Wealth Management LLC boosted its stake in shares of Estée Lauder Companies by 59.3% in the 4th quarter. 9258 Wealth Management LLC now owns 3,043 shares of the company’s stock valued at $445,000 after purchasing an additional 1,133 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Estée Lauder Companies by 1,137.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 399,807 shares of the company’s stock worth $554,000 after purchasing an additional 367,503 shares during the last quarter. Assetmark Inc. boosted its position in Estée Lauder Companies by 52.1% during the fourth quarter. Assetmark Inc. now owns 17,729 shares of the company’s stock valued at $2,593,000 after buying an additional 6,072 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Estée Lauder Companies by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock worth $98,000 after buying an additional 96 shares during the period. Finally, Oak Harbor Wealth Partners LLC lifted its stake in shares of Estée Lauder Companies by 8.2% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 2,731 shares of the company’s stock valued at $399,000 after acquiring an additional 206 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

EL stock opened at $85.01 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The firm has a 50 day moving average price of $92.92 and a 200-day moving average price of $118.15. The Estée Lauder Companies Inc. has a 52-week low of $82.39 and a 52-week high of $159.75. The firm has a market capitalization of $30.48 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 1.42 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.66 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.11%. Estée Lauder Companies’s payout ratio is currently 148.31%.

Insider Activity

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

Analyst Ratings Changes

Several analysts have weighed in on EL shares. Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Citigroup dropped their price target on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. Wells Fargo & Company dropped their target price on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Finally, Morgan Stanley reduced their price target on Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Fourteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $120.27.

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.