Toronto Dominion Bank Has $12.99 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Toronto Dominion Bank lowered its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 11.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,063 shares of the company’s stock after selling 15,293 shares during the quarter. Toronto Dominion Bank’s holdings in Estée Lauder Companies were worth $12,988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Estée Lauder Companies during the 1st quarter worth approximately $26,000. 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 in the last quarter. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the 2nd quarter worth $30,000. PARK CIRCLE Co bought a new position in Estée Lauder Companies in the second quarter valued at about $32,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EL shares. Wells Fargo & Company cut their target price on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Stifel Nicolaus cut their price target on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Piper Sandler upgraded shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $95.00 to $114.00 in a report on Thursday, August 22nd. UBS Group cut 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 report on Tuesday, August 20th. Finally, Morgan Stanley lowered their target price on Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Fourteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price of $120.27.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $99.83 on Friday. The company has a market capitalization of $35.80 billion, a PE ratio of 56.08, a PEG ratio of 1.46 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 stock’s 50 day moving average price is $92.36 and its 200-day moving average price is $116.25. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.

Estée Lauder Companies Dividend Announcement

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

Insiders Place Their Bets

In other 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 completion of the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Charlene Barshefsky sold 3,437 shares of the business’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 value of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction 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 disclosure for this sale can be found here. 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.