Estee Lauder Companies (NYSE:EL) Stock: Insider Meridith Webster Sells 4,177 Shares

The Estee Lauder Companies Inc. (NYSE:EL – Get Free Report) VP Meridith Webster sold 4,177 shares of the stock in a transaction on Friday, November 13th. The stock was sold at an average price of $112.00, for a total value of $467,824.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Estee Lauder Companies Trading Up 1.1%

Shares of NYSE:EL traded up $1.19 on Friday, hitting $111.69. 2,330,912 shares of the company’s stock were exchanged, compared to its average volume of 3,797,250. The Estee Lauder Companies Inc. has a 12 month low of $66.22 and a 12 month high of $121.64. The stock has a market capitalization of $40.47 billion, a price-to-earnings ratio of 111.69, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The business’s 50 day simple moving average is $101.58 and its two-hundred day simple moving average is $91.62. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.25 and a quick ratio of 0.91.

Estee Lauder Companies (NYSE:EL – Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.65 billion. Estee Lauder Companies had a net margin of 2.41% and a return on equity of 26.99%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. Analysts anticipate that The Estee Lauder Companies Inc. will post 3.44 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, November 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 140.00%.

Hedge Funds Weigh In On Estee Lauder Companies

Large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Estee Lauder Companies by 950.9% during the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after acquiring an additional 12,526,471 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Estee Lauder Companies by 26.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,827,512 shares of the company’s stock worth $169,538,000 after acquiring an additional 387,596 shares in the last quarter. Amundi lifted its stake in shares of Estee Lauder Companies by 33.8% during the 1st quarter. Amundi now owns 1,909,911 shares of the company’s stock worth $137,074,000 after purchasing an additional 482,185 shares during the last quarter. Ninety One UK Ltd bought a new stake in Estee Lauder Companies during the third quarter valued at about $134,551,000. Finally, Pictet Asset Management Holding SA boosted its position in Estee Lauder Companies by 4.7% during the third quarter. Pictet Asset Management Holding SA now owns 1,027,993 shares of the company’s stock valued at $95,367,000 after purchasing an additional 46,325 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup upped their target price on shares of Estee Lauder Companies from $121.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday. Sanford C. Bernstein lifted their price target on shares of Estee Lauder Companies from $82.00 to $106.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. CICC Research upgraded Estee Lauder Companies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $65.00 to $122.00 in a report on Monday, August 31st. Raymond James Financial increased their price objective on Estee Lauder Companies from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Jefferies Financial Group raised their price objective on Estee Lauder Companies from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.73.

Check Out Our Latest Stock Report on Estee Lauder Companies

Estee Lauder Companies Company Profile

(Get Free Report)

The Estée Lauder Companies Inc. is a global prestige beauty company founded in 1946 by Estée and Joseph Lauder. Based in New York City, it develops, markets and sells beauty products under a portfolio of brands, including Estée Lauder, Clinique, M·A·C, La Mer, Aveda and Jo Malone London. The company’s products span skin care, makeup, fragrance and hair care. It reaches consumers through department stores, specialty retailers, its own stores and websites, and other online and travel-retail channels.

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Insider Buying and Selling by Quarter for Estee Lauder Companies (NYSE:EL)

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