M&T Bank Corp Sells 28,312 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

M&T Bank Corp lessened its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 30.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 65,937 shares of the company’s stock after selling 28,312 shares during the period. M&T Bank Corp’s holdings in Estée Lauder Companies were worth $6,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EL. State Street Corp lifted its holdings in shares of Estée Lauder Companies by 9.5% in the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after buying an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Estée Lauder Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after purchasing an additional 70,307 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after purchasing an additional 1,078,926 shares during the last quarter. Finally, Independent Franchise Partners LLP grew its position in shares of Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after purchasing an additional 1,066,320 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg bought 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Down 0.5 %

Shares of EL opened at $74.36 on Monday. The firm has a market capitalization of $26.69 billion, a P/E ratio of 132.79, a P/E/G ratio of 5.33 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The firm has a fifty day moving average price of $76.39 and a 200-day moving average price of $91.00. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. Equities research analysts expect that The Estée Lauder Companies Inc. will post 1.46 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is 250.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. HSBC downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research report on Wednesday, October 16th. Morgan Stanley lowered their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. DA Davidson reiterated a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group reduced their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Hold” and an average price target of $98.57.

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