State of Alaska Department of Revenue Sells 6,533 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

State of Alaska Department of Revenue trimmed its holdings in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 16.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 33,289 shares of the company’s stock after selling 6,533 shares during the quarter. State of Alaska Department of Revenue’s holdings in Estée Lauder Companies were worth $8,477,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EL. Rise Advisors LLC bought a new stake in shares of Estée Lauder Companies during the 4th quarter valued at about $25,000. American National Bank grew its stake in shares of Estée Lauder Companies by 147.6% during the 1st quarter. American National Bank now owns 104 shares of the company’s stock valued at $28,000 after purchasing an additional 62 shares during the period. Icapital Wealth LLC bought a new stake in shares of Estée Lauder Companies during the 1st quarter valued at about $29,000. Key Financial Inc grew its stake in shares of Estée Lauder Companies by 2,180.0% during the 1st quarter. Key Financial Inc now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 109 shares during the period. Finally, GoalVest Advisory LLC bought a new stake in shares of Estée Lauder Companies during the 2nd quarter valued at about $31,000. 56.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EL has been the subject of a number of recent research reports. UBS Group boosted 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. Deutsche Bank Aktiengesellschaft boosted their price target on Estée Lauder Companies from $266.00 to $280.00 in a research note on Friday, August 19th. Credit Suisse Group lowered their price objective on Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating on the stock in a research report on Friday, August 19th. DA Davidson lowered their price objective on Estée Lauder Companies from $342.00 to $318.00 and set a “buy” rating on the stock in a research report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Estée Lauder Companies from $270.00 to $265.00 in a research report on Thursday, July 21st. Four 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.65.

Estée Lauder Companies Stock Down 2.2 %

NYSE EL opened at $239.38 on Monday. The stock’s 50 day moving average is $259.98 and its 200 day moving average is $259.09. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.92. The Estée Lauder Companies Inc. has a 12 month low of $225.39 and a 12 month high of $374.20. The stock has a market cap of $85.44 billion, a PE ratio of 36.71, a P/E/G ratio of 3.21 and a beta of 0.99.

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

Estée Lauder Companies Dividend Announcement

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

Insider Transactions at Estée Lauder Companies

In other news, Director Wei Sun Christianson sold 1,056 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 10,402 shares of the company’s stock, valued at approximately $2,720,331.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Wei Sun Christianson sold 1,056 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 10,402 shares of the company’s stock, valued at approximately $2,720,331.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barry S. Sternlicht sold 4,736 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were 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 in the company, valued at approximately $8,498,672.42. The disclosure for this sale can be found here. Insiders have sold 39,727 shares of company stock valued at $10,591,510 in the last ninety days. Corporate insiders own 13.95% of the company’s stock.

Estée Lauder Companies 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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