The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Peoples Bank KS

Peoples Bank KS lowered its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,085 shares of the company’s stock after selling 175 shares during the quarter. Peoples Bank KS’s holdings in Estée Lauder Companies were worth $81,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after purchasing an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares during the period. Geode Capital Management LLC increased its holdings in Estée Lauder Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after buying an additional 70,307 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after acquiring an additional 1,078,926 shares during the period. Finally, Independent Franchise Partners LLP boosted its stake in shares of Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after acquiring an additional 1,066,320 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Activity

In other news, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the transaction, the director now directly owns 234,500 shares in the company, valued at $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a report on Wednesday, October 16th. Morgan Stanley decreased their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. CICC Research began coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price target for the company. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Tuesday. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $96.50.

Estée Lauder Companies Stock Up 0.7 %

NYSE EL opened at $74.11 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75. The business’s fifty day simple moving average is $72.72 and its 200-day simple moving average is $87.30. The firm has a market cap of $26.60 billion, a PE ratio of 132.34, a P/E/G ratio of 5.33 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.46 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.89%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Estée 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.