2,202 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division acquired a new position in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,202 shares of the company’s stock, valued at approximately $561,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new position in Estée Lauder Companies in the 2nd quarter worth approximately $31,000. Park National Corp OH raised its holdings in Estée Lauder Companies by 18.1% in the 2nd quarter. Park National Corp OH now owns 42,143 shares of the company’s stock worth $10,733,000 after acquiring an additional 6,473 shares during the last quarter. Amalgamated Bank raised its holdings in Estée Lauder Companies by 4.6% in the 1st quarter. Amalgamated Bank now owns 61,210 shares of the company’s stock worth $16,669,000 after acquiring an additional 2,687 shares during the last quarter. Offit Capital Advisors LLC raised its holdings in Estée Lauder Companies by 10.6% in the 1st quarter. Offit Capital Advisors LLC now owns 4,293 shares of the company’s stock worth $1,169,000 after acquiring an additional 412 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in Estée Lauder Companies in the 1st quarter worth approximately $31,000. 56.96% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Trading Down 2.2 %

Shares of Estée Lauder Companies stock opened at $239.38 on Monday. The company has a market capitalization of $85.44 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.21 and a beta of 0.99. 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 company has a fifty day moving average of $259.98 and a 200 day moving average of $259.09. The Estée Lauder Companies Inc. has a fifty-two week low of $225.39 and a fifty-two week high of $374.20.

Estée Lauder Companies (NYSE:ELGet Rating) last issued its earnings results on Thursday, August 18th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.10. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.48 billion. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. Estée Lauder Companies’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 7.51 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, August 30th. Estée Lauder Companies’s dividend payout ratio is currently 36.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EL shares. Royal Bank of Canada cut their target price on shares of Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating for the company in a research report on Friday, August 19th. UBS Group lifted their target price on shares of Estée Lauder Companies from $266.00 to $289.00 and gave the stock a “neutral” rating in a research report on Friday, August 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, May 31st. Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $290.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Finally, Credit Suisse Group cut their target price on shares of Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating for the company in a research report on Friday, August 19th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies has an average rating of “Moderate Buy” and an average target price of $318.65.

Insider Buying and Selling

In other Estée Lauder Companies news, EVP Carl P. Haney sold 7,559 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $252.05, for a total value of $1,905,245.95. Following the sale, the executive vice president now owns 3,296 shares in the company, valued at approximately $830,756.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Estée Lauder Companies news, CEO Fabrizio Freda sold 19,709 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were 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 owns 116,792 shares in the company, valued at approximately $31,301,423.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Carl P. Haney sold 7,559 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $252.05, for a total transaction of $1,905,245.95. Following the completion of the sale, the executive vice president now owns 3,296 shares in the company, valued at approximately $830,756.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,727 shares of company stock valued at $10,591,510. Company insiders own 13.95% of the company’s stock.

Estée Lauder Companies Profile

(Get Rating)

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.

See Also

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

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