United Capital Financial Advisers LLC Increases Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

United Capital Financial Advisers LLC grew its holdings in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,265 shares of the company’s stock after acquiring an additional 919 shares during the period. United Capital Financial Advisers LLC’s holdings in Estée Lauder Companies were worth $14,778,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $25,000. American National Bank increased its stake in Estée Lauder Companies by 147.6% during the first quarter. American National Bank now owns 104 shares of the company’s stock worth $28,000 after acquiring an additional 62 shares during the last quarter. Icapital Wealth LLC bought a new stake in Estée Lauder Companies during the first quarter worth approximately $29,000. Key Financial Inc increased its stake in Estée Lauder Companies by 2,180.0% during the first quarter. Key Financial Inc now owns 114 shares of the company’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its stake in Estée Lauder Companies by 74.1% during the first quarter. Mascoma Wealth Management LLC now owns 148 shares of the company’s stock worth $40,000 after acquiring an additional 63 shares during the last quarter. 56.96% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Up 2.0 %

Shares of NYSE EL opened at $252.90 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.10 and a current ratio of 1.60. The firm has a market capitalization of $90.26 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 3.39 and a beta of 0.99. The stock has a 50 day moving average price of $261.03 and a 200 day moving average price of $260.51. The Estée Lauder Companies Inc. has a 52-week low of $225.39 and a 52-week high of $374.20.

Estée Lauder Companies (NYSE:ELGet Rating) last posted its earnings results on Thursday, August 18th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $3.56 billion during 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%. Estée Lauder Companies’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 7.52 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, August 30th. This represents a $2.40 dividend on an annualized basis and a yield of 0.95%. Estée Lauder Companies’s dividend payout ratio is currently 36.81%.

Insiders Place Their Bets

In other news, Director Wei Sun Christianson sold 1,056 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $261.52, for a total transaction of $276,165.12. Following the completion of the sale, the director now owns 10,402 shares in the company, valued at approximately $2,720,331.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Wei Sun Christianson sold 1,056 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $261.52, for a total transaction of $276,165.12. Following the completion of the sale, the director now owns 10,402 shares in the company, valued at approximately $2,720,331.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hudis Jane Hertzmark sold 6,667 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $274.30, for a total value of $1,828,758.10. Following the sale, the insider now owns 24,485 shares of the company’s stock, valued at approximately $6,716,235.50. The disclosure for this sale can be found here. Insiders sold a total of 32,168 shares of company stock worth $8,686,264 over the last 90 days. Company insiders own 13.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EL shares. Credit Suisse Group reduced their price objective on Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating on the stock in a research note on Friday, August 19th. Societe Generale reduced their price objective on Estée Lauder Companies to $258.00 and set a “na” rating on the stock in a research note on Monday, May 16th. Oppenheimer reaffirmed an “outperform” rating and set a $300.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, May 31st. Wells Fargo & Company upped their target price on Estée Lauder Companies from $290.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 19th. Finally, JPMorgan Chase & Co. cut their target price on Estée Lauder Companies from $270.00 to $265.00 in a research note on Thursday, July 21st. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $318.65.

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. The company 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.

See Also

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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