McKinley Carter Wealth Services Inc. Increases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

McKinley Carter Wealth Services Inc. raised its holdings in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,371 shares of the company’s stock after purchasing an additional 570 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Estée Lauder Companies were worth $4,679,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. HB Wealth Management LLC increased its stake in Estée Lauder Companies by 22.5% in the second quarter. HB Wealth Management LLC now owns 1,956 shares of the company’s stock valued at $498,000 after purchasing an additional 359 shares during the period. IFM Investors Pty Ltd increased its stake in Estée Lauder Companies by 14.8% in the second quarter. IFM Investors Pty Ltd now owns 41,830 shares of the company’s stock valued at $10,653,000 after purchasing an additional 5,379 shares during the period. Gofen & Glossberg LLC IL increased its stake in Estée Lauder Companies by 23.1% in the second quarter. Gofen & Glossberg LLC IL now owns 45,433 shares of the company’s stock valued at $11,570,000 after purchasing an additional 8,530 shares during the period. Raymond James Trust N.A. increased its stake in Estée Lauder Companies by 3.8% in the second quarter. Raymond James Trust N.A. now owns 14,751 shares of the company’s stock valued at $3,757,000 after purchasing an additional 540 shares during the period. Finally, LGT Capital Partners LTD. increased its stake in shares of Estée Lauder Companies by 15.2% during the second quarter. LGT Capital Partners LTD. now owns 1,027,451 shares of the company’s stock worth $261,661,000 after acquiring an additional 135,411 shares during the period. 56.96% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Down 3.4 %

Shares of Estée Lauder Companies stock traded down $7.89 during trading hours on Friday, hitting $227.02. The company’s stock had a trading volume of 46,695 shares, compared to its average volume of 1,243,864. The Estée Lauder Companies Inc. has a 1-year low of $225.39 and a 1-year high of $374.20. The business has a fifty day moving average of $259.47 and a 200 day moving average of $258.07. The company has a market capitalization of $81.02 billion, a PE ratio of 36.03, a P/E/G ratio of 3.18 and a beta of 0.99. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.92.

Estée Lauder Companies (NYSE:ELGet Rating) last released its quarterly earnings data on Thursday, August 18th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.10. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 7.53 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Tuesday, August 30th. Estée Lauder Companies’s payout ratio is 36.81%.

Insider Activity at Estée Lauder Companies

In related news, Director Wei Sun Christianson sold 1,056 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $261.52, for a total transaction of $276,165.12. Following the completion of the sale, the director now directly owns 10,402 shares of the company’s stock, valued at approximately $2,720,331.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Estée Lauder Companies news, insider Hudis Jane Hertzmark sold 6,667 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $274.30, for a total transaction of $1,828,758.10. Following the transaction, the insider now directly owns 24,485 shares in the company, valued at approximately $6,716,235.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wei Sun Christianson sold 1,056 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $261.52, for a total transaction of $276,165.12. Following the transaction, the director now owns 10,402 shares in the company, valued at $2,720,331.04. The disclosure for this sale can be found here. In the last three months, insiders sold 39,727 shares of company stock valued at $10,591,510. Corporate insiders own 13.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EL shares. Oppenheimer reiterated an “outperform” rating and set a $300.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, May 31st. The Goldman Sachs Group upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $298.00 to $303.00 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Estée Lauder Companies from $266.00 to $280.00 in a report on Friday, August 19th. Royal Bank of Canada decreased their price objective on shares of Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating on the stock in a report on Friday, August 19th. Finally, UBS Group boosted their price objective on shares of Estée Lauder Companies from $266.00 to $289.00 and gave the stock a “neutral” rating in a report on Friday, August 19th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $317.78.

About Estée Lauder Companies

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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