Chevy Chase Trust Holdings LLC lifted its stake in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 123,783 shares of the company’s stock after acquiring an additional 684 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Estee Lauder Companies were worth $10,002,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Estee Lauder Companies by 1,182.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock valued at $33,000 after acquiring an additional 461 shares in the last quarter. Winthrop Capital Management LLC raised its stake in shares of Estee Lauder Companies by 2,240.0% in the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock valued at $39,000 after acquiring an additional 560 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Estee Lauder Companies by 246.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock valued at $39,000 after acquiring an additional 340 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Estee Lauder Companies in the 2nd quarter valued at approximately $44,000. 55.15% of the stock is owned by institutional investors.
Estee Lauder Companies Price Performance
Shares of NYSE:EL opened at $100.72 on Monday. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $100.80. The firm has a market capitalization of $36.25 billion, a PE ratio of -32.08, a PEG ratio of 2.87 and a beta of 1.16. The business’s 50 day moving average is $89.90 and its 200-day moving average is $78.15. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89.
Estee Lauder Companies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a yield of 1.4%. Estee Lauder Companies’s payout ratio is currently -44.59%.
Analyst Ratings Changes
Several research analysts have commented on EL shares. Bank of America started coverage on Estee Lauder Companies in a research report on Thursday, July 10th. They issued a “buy” rating and a $110.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Estee Lauder Companies in a research report on Wednesday, October 8th. Citigroup lifted their price target on Estee Lauder Companies from $60.00 to $99.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Estee Lauder Companies from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and an average price target of $91.30.
Read Our Latest Stock Report on EL
Insider Buying and Selling at Estee Lauder Companies
In related news, VP Lande Rashida La sold 6,417 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lynn Forester sold 3,702 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the sale, the director directly owned 15,479 shares in the company, valued at approximately $1,418,650.35. This represents a 19.30% decrease in their position. The disclosure for this sale can be found here. 13.05% of the stock is owned by insiders.
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.
Recommended Stories
- Five stocks we like better than Estee Lauder Companies
- What is a Dividend King?
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- How to Calculate Stock Profit
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estee Lauder Companies Inc. (NYSE:EL – Free Report).
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.