The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Greenleaf Trust

Greenleaf Trust raised its position in The Estée Lauder Companies Inc. (NYSE:EL) by 59.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,620 shares of the company’s stock after purchasing an additional 1,715 shares during the period. Greenleaf Trust’s holdings in Estée Lauder Companies were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of EL. Tradewinds Capital Management LLC boosted its stake in Estée Lauder Companies by 34.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock worth $45,000 after purchasing an additional 75 shares during the period. Haverford Trust Co boosted its stake in shares of Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after buying an additional 78 shares during the period. Capital Advisors Ltd. LLC grew its holdings in shares of Estée Lauder Companies by 11.9% during the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock worth $131,000 after buying an additional 90 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares during the period. Finally, Aptus Capital Advisors LLC raised its stake in Estée Lauder Companies by 6.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock valued at $228,000 after acquiring an additional 127 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EL has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. UBS Group dropped their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Barclays cut their price objective on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. HSBC downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Wednesday, October 16th. Finally, Piper Sandler increased their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $116.91.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The shares were 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 owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Trading Down 1.6 %

Shares of Estée Lauder Companies stock opened at $87.23 on Friday. The Estée Lauder Companies Inc. has a 1 year low of $82.39 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The business has a 50 day moving average price of $91.45 and a 200 day moving average price of $109.01. The company has a market capitalization of $31.28 billion, a P/E ratio of 49.01, a P/E/G ratio of 1.58 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results 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. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. Sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.03%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.31%.

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