Sumitomo Mitsui Trust Group Inc. decreased its holdings in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 568,811 shares of the company’s stock after selling 1,631 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.16% of Estee Lauder Companies worth $45,960,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of EL. TD Private Client Wealth LLC raised its stake in shares of Estee Lauder Companies by 246.4% during the second quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock valued at $39,000 after purchasing an additional 340 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Estee Lauder Companies by 1,182.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock valued at $33,000 after purchasing an additional 461 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Estee Lauder Companies during the second quarter valued at approximately $44,000. Winthrop Capital Management LLC raised its stake in shares of Estee Lauder Companies by 2,240.0% during the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock valued at $39,000 after purchasing an additional 560 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Stock Performance
Shares of EL opened at $100.08 on Tuesday. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $104.53. The company has a market cap of $36.02 billion, a price-to-earnings ratio of -31.87, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.92 and a current ratio of 1.30. The firm has a fifty day moving average of $90.97 and a 200-day moving average of $80.14.
Estee Lauder Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 2nd. Estee Lauder Companies’s payout ratio is currently -44.59%.
Insider Transactions at Estee Lauder Companies
In related news, Director Lynn Forester sold 3,702 shares of Estee Lauder Companies stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $91.65, for a total transaction of $339,288.30. Following the sale, the director directly owned 15,479 shares in the company, valued at $1,418,650.35. The trade was a 19.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lande Rashida La sold 6,417 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $91.88, for a total transaction of $589,593.96. The disclosure for this sale can be found here. 13.05% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms have recently issued reports on EL. Weiss Ratings reiterated a “sell (d)” rating on shares of Estee Lauder Companies in a research note on Wednesday, October 8th. Citigroup lifted their price target on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. The Goldman Sachs Group upgraded shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $115.00 in a research note on Monday, October 13th. Wells Fargo & Company lifted their price target on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Estee Lauder Companies from $99.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.05.
Check Out Our Latest Research Report on EL
Estee 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, and powders, as well as compacts, brushes, and other makeup tools.
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