The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Bokf Na

Bokf Na boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 828.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 17,491 shares of the company’s stock after acquiring an additional 15,607 shares during the quarter. Bokf Na’s holdings in Estée Lauder Companies were worth $2,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rakuten Securities Inc. bought a new position in shares of Estée Lauder Companies during the 4th quarter valued at about $26,000. Riverview Trust Co bought a new position in Estée Lauder Companies during the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC raised its position in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the period. Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies in the first quarter valued at approximately $35,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $41,000. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the topic of several research analyst reports. Morgan Stanley downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $164.00 to $140.00 in a research note on Friday, May 3rd. Bank of America cut their price objective on Estée Lauder Companies from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday, May 1st. The Goldman Sachs Group cut their price target on Estée Lauder Companies from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, July 17th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $191.00 price target on shares of Estée Lauder Companies in a report on Wednesday, July 24th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $147.87.

Estée Lauder Companies Trading Down 1.7 %

Shares of EL stock traded down $1.71 on Monday, reaching $99.01. The company had a trading volume of 331,983 shares, compared to its average volume of 2,813,026. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The stock has a market cap of $35.50 billion, a PE ratio of 56.58, a PEG ratio of 1.85 and a beta of 0.99. The company has a 50-day moving average of $112.59 and a 200-day moving average of $131.44. The Estée Lauder Companies Inc. has a 12 month low of $95.87 and a 12 month high of $183.20.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the business earned $0.47 EPS. Estée Lauder Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a yield of 2.67%. Estée Lauder Companies’s payout ratio is 148.32%.

Insider Buying and Selling

In other news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Peter Jueptner sold 12,786 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the sale, 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 SEC, which is available at this link. 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 completion of the sale, the executive vice president now directly 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. In the last three months, insiders sold 42,255 shares of company stock valued at $5,453,232. 12.77% of the stock is 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.