Norway Savings Bank Lowers Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Norway Savings Bank lessened its stake in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,061 shares of the company’s stock after selling 52 shares during the period. Norway Savings Bank’s holdings in Estée Lauder Companies were worth $1,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Alberta Investment Management Corp bought a new stake in Estée Lauder Companies in the 4th quarter worth approximately $3,326,000. Invesco Ltd. grew its stake in shares of Estée Lauder Companies by 2.1% in the fourth quarter. Invesco Ltd. now owns 786,152 shares of the company’s stock worth $291,034,000 after purchasing an additional 15,871 shares during the last quarter. Mutual Advisors LLC purchased a new position in Estée Lauder Companies during the 4th quarter valued at about $224,000. GSA Capital Partners LLP increased its holdings in Estée Lauder Companies by 3.4% during the 4th quarter. GSA Capital Partners LLP now owns 1,759 shares of the company’s stock valued at $651,000 after purchasing an additional 58 shares during the period. Finally, Blair William & Co. IL raised its position in Estée Lauder Companies by 2.1% during the 4th quarter. Blair William & Co. IL now owns 86,824 shares of the company’s stock valued at $32,142,000 after purchasing an additional 1,814 shares during the last quarter. Institutional investors own 56.96% of the company’s stock.

Insider Activity at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 19,709 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $268.01, for a total value of $5,282,209.09. Following the completion of the sale, the chief executive officer now directly owns 116,792 shares in the company, valued at $31,301,423.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Estée Lauder Companies news, Director Barry S. Sternlicht sold 4,736 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $274.31, for a total value of $1,299,132.16. Following the transaction, the director now owns 30,982 shares of the company’s stock, valued at $8,498,672.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Fabrizio Freda sold 19,709 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $268.01, for a total transaction of $5,282,209.09. Following the sale, the chief executive officer now directly owns 116,792 shares of the company’s stock, valued at approximately $31,301,423.92. The disclosure for this sale can be found here. Insiders have sold 39,727 shares of company stock valued at $10,591,510 over the last ninety days. Insiders own 13.95% of the company’s stock.

Analyst Ratings Changes

EL has been the topic of several research analyst reports. UBS Group boosted their target price on Estée Lauder Companies from $266.00 to $289.00 and gave the company a “neutral” rating in a research note on Friday, August 19th. Oppenheimer restated an “outperform” rating and issued a $300.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, May 31st. Royal Bank of Canada cut their target price on shares of Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating on the stock in a research note on Friday, August 19th. Wells Fargo & Company increased their price target on shares of Estée Lauder Companies from $290.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 19th. Finally, DA Davidson lowered their price objective on shares of Estée Lauder Companies from $342.00 to $318.00 and set a “buy” rating for the company in a report on Tuesday, August 23rd. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Moderate Buy” and an average price target of $317.78.

Estée Lauder Companies Stock Down 2.5 %

Estée Lauder Companies stock traded down $5.89 during mid-day trading on Friday, reaching $229.02. The stock had a trading volume of 1,394,205 shares, compared to its average volume of 1,523,283. The company has a market capitalization of $81.74 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.60 and a quick ratio of 1.10. The Estée Lauder Companies Inc. has a one year low of $225.39 and a one year high of $374.20. The company has a 50-day moving average price of $259.47 and a two-hundred day moving average price of $258.07.

Estée Lauder Companies (NYSE:ELGet Rating) last posted its quarterly earnings results on Thursday, August 18th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts expect that The Estée Lauder Companies Inc. will post 7.53 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.40 annualized dividend and a dividend yield of 1.05%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 36.81%.

Estée Lauder Companies Company Profile

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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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