Summit Trail Advisors LLC Acquires 1,129 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Summit Trail Advisors LLC boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 54.3% in the second quarter, Holdings Channel.com reports. The fund owned 3,208 shares of the company’s stock after buying an additional 1,129 shares during the quarter. Summit Trail Advisors LLC’s holdings in Estée Lauder Companies were worth $341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EL. 9258 Wealth Management LLC raised its position 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 acquiring an additional 1,133 shares during the period. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 96 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Estée Lauder Companies by 15.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,432 shares of the company’s stock worth $755,000 after purchasing an additional 723 shares during the period. Johnson Financial Group Inc. boosted its position in shares of Estée Lauder Companies by 37,800.0% during the fourth quarter. Johnson Financial Group Inc. now owns 758 shares of the company’s stock worth $111,000 after purchasing an additional 756 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Estée Lauder Companies by 9.5% in the 4th quarter. Artisan Partners Limited Partnership now owns 732,456 shares of the company’s stock valued at $107,122,000 after buying an additional 63,379 shares during the period. Institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the topic of several research analyst reports. B. Riley began coverage on Estée Lauder Companies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $115.00 price objective on shares of Estée Lauder Companies in a research report on Monday, August 19th. UBS Group dropped their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Fourteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.27.

Estée Lauder Companies Trading Up 2.0 %

Shares of Estée Lauder Companies stock opened at $86.69 on Tuesday. The stock has a market cap of $31.08 billion, a P/E ratio of 48.70, a P/E/G ratio of 1.42 and a beta of 1.00. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a 12-month low of $82.39 and a 12-month high of $159.75. The business’s 50 day moving average is $92.63 and its 200-day moving average is $117.32.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share 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. Investors 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 3.05%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 148.31%.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 49,800 shares in the company, valued at $4,578,114. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were 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 $4,578,114. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

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.