McKinley Carter Wealth Services Inc. Purchases 570 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

McKinley Carter Wealth Services Inc. boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,371 shares of the company’s stock after buying an additional 570 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Estée Lauder Companies were worth $4,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in shares of Estée Lauder Companies in the 4th quarter valued at about $25,000. New England Professional Planning Group Inc. bought a new stake in shares of Estée Lauder Companies in the 1st quarter valued at about $295,000. American National Bank increased its stake in shares of Estée Lauder Companies by 147.6% in the 1st quarter. American National Bank now owns 104 shares of the company’s stock valued at $28,000 after acquiring an additional 62 shares during the last quarter. Icapital Wealth LLC bought a new stake in shares of Estée Lauder Companies in the 1st quarter valued at about $29,000. Finally, Key Financial Inc increased its stake in shares of Estée Lauder Companies by 2,180.0% in the 1st quarter. Key Financial Inc now owns 114 shares of the company’s stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. 56.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EL. UBS Group upped their price target 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 reissued an “outperform” rating and set a $300.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, May 31st. Royal Bank of Canada lowered their target price on Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating for the company in a research note on Friday, August 19th. Deutsche Bank Aktiengesellschaft increased their target price on Estée Lauder Companies from $266.00 to $280.00 in a research note on Friday, August 19th. Finally, DA Davidson lowered their target price on Estée Lauder Companies from $342.00 to $318.00 and set a “buy” rating for the company in a research note on Tuesday, August 23rd. Four 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $317.78.

Estée Lauder Companies Stock Performance

EL stock traded down $7.89 during midday trading on Friday, hitting $227.02. The company’s stock had a trading volume of 46,695 shares, compared to its average volume of 1,243,864. The Estée Lauder Companies Inc. has a 1 year low of $225.39 and a 1 year high of $374.20. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.92. The stock’s 50-day moving average price is $259.47 and its 200 day moving average price is $258.07. The stock has a market cap of $81.02 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.18 and a beta of 0.99.

Estée Lauder Companies (NYSE:ELGet Rating) last released its quarterly earnings data on Thursday, August 18th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.48 billion. Estée Lauder Companies had a return on equity of 43.78% and a net margin of 13.48%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 7.53 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 36.81%.

Insider Activity at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 19,709 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $268.01, for a total value of $5,282,209.09. Following the completion of the transaction, the chief executive officer now owns 116,792 shares in the company, valued at approximately $31,301,423.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Barry S. Sternlicht sold 4,736 shares of the business’s stock in a transaction that occurred on 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 directly owns 30,982 shares of the company’s stock, valued at approximately $8,498,672.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 19,709 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $268.01, for a total value of $5,282,209.09. Following the sale, the chief executive officer now directly owns 116,792 shares in the company, valued at $31,301,423.92. The disclosure for this sale can be found here. Insiders sold 39,727 shares of company stock worth $10,591,510 in the last ninety days. 13.95% of the stock is owned by company insiders.

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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