Amalgamated Bank Has $4.67 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Amalgamated Bank lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 2.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 46,840 shares of the company’s stock after selling 1,423 shares during the quarter. Amalgamated Bank’s holdings in Estée Lauder Companies were worth $4,669,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies during the second quarter worth approximately $30,000. PARK CIRCLE Co acquired a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Kimelman & Baird LLC bought a new stake in Estée Lauder Companies in the 2nd quarter valued at $32,000. Crewe Advisors LLC acquired a new position in Estée Lauder Companies in the 1st quarter valued at $35,000. Finally, Chilton Capital Management LLC increased its position in Estée Lauder Companies by 163.0% during the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,296 shares of company stock worth $1,423,366. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Trading Up 4.8 %

Shares of EL stock opened at $66.31 on Friday. The stock’s fifty day simple moving average is $88.41 and its 200 day simple moving average is $104.59. The Estée Lauder Companies Inc. has a twelve month low of $62.88 and a twelve month high of $159.75. The firm has a market capitalization of $23.79 billion, a P/E ratio of 118.41, a P/E/G ratio of 2.36 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is presently 471.43%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EL. Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $113.00 to $74.00 in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research note on Monday. Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. Finally, B. Riley dropped their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $100.90.

Estée Lauder Companies Company 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.