The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,837 shares of the company’s stock after selling 212 shares during the quarter. TIAA Trust National Association’s holdings in Estée Lauder Companies were worth $591,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of Estée Lauder Companies during the fourth quarter worth $26,000. Riverview Trust Co acquired a new stake in Estée Lauder Companies during the first quarter worth about $26,000. Hexagon Capital Partners LLC lifted its holdings in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in Estée Lauder Companies in the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC grew its holdings in shares of Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the sale, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Peter Jueptner sold 12,786 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the transaction, the insider now owns 5,578 shares of the company’s stock, valued at approximately $728,598.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jane Lauder sold 14,976 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the sale, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,255 shares of company stock worth $5,453,232. 12.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on EL. DA Davidson reissued a “buy” rating and issued a $191.00 price target on shares of Estée Lauder Companies in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday, May 1st. Telsey Advisory Group dropped their price objective on shares of Estée Lauder Companies from $142.00 to $115.00 and set a “market perform” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company reduced their target price on shares of Estée Lauder Companies from $163.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Finally, Morgan Stanley lowered shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $164.00 to $140.00 in a research note on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $149.63.

Estée Lauder Companies Stock Up 2.4 %

NYSE:EL traded up $2.28 during trading hours on Friday, reaching $99.18. The company’s stock had a trading volume of 3,803,114 shares, compared to its average volume of 3,019,544. The Estée Lauder Companies Inc. has a one year low of $95.87 and a one year high of $186.44. The business’s 50-day moving average is $116.12 and its 200-day moving average is $132.81. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market cap of $35.56 billion, a price-to-earnings ratio of 55.72, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that The Estée Lauder Companies Inc. will post 2.21 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, May 31st. Estée Lauder Companies’s payout ratio is 148.32%.

Estée Lauder Companies 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.