Gerber Kawasaki Wealth & Investment Management Boosts Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Gerber Kawasaki Wealth & Investment Management raised its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 19.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,193 shares of the company’s stock after acquiring an additional 194 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Estée Lauder Companies were worth $294,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC increased its stake in Estée Lauder Companies by 1.2% in the 1st quarter. Schechter Investment Advisors LLC now owns 3,500 shares of the company’s stock worth $863,000 after purchasing an additional 41 shares in the last quarter. CNB Bank increased its stake in Estée Lauder Companies by 2.1% in the 4th quarter. CNB Bank now owns 2,018 shares of the company’s stock worth $501,000 after purchasing an additional 42 shares in the last quarter. Connecticut Wealth Management LLC increased its stake in Estée Lauder Companies by 3.7% in the 1st quarter. Connecticut Wealth Management LLC now owns 1,167 shares of the company’s stock worth $288,000 after purchasing an additional 42 shares in the last quarter. Siemens Fonds Invest GmbH increased its stake in Estée Lauder Companies by 2.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 2,266 shares of the company’s stock worth $562,000 after purchasing an additional 44 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in Estée Lauder Companies by 6.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 752 shares of the company’s stock worth $185,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 0.9 %

EL opened at $154.00 on Monday. The business has a 50 day moving average price of $172.68 and a 200 day moving average price of $204.05. The Estée Lauder Companies Inc. has a twelve month low of $147.18 and a twelve month high of $283.62. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.99 and a current ratio of 1.46. The firm has a market cap of $55.08 billion, a P/E ratio of 55.40, a price-to-earnings-growth ratio of 3.44 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Friday, August 18th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.11. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.48 billion. Estée Lauder Companies had a return on equity of 21.79% and a net margin of 6.32%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. Research analysts forecast that The Estée Lauder Companies Inc. will post 3.66 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, August 30th. Estée Lauder Companies’s dividend payout ratio is currently 94.96%.

Insider Activity

In other news, EVP Jane Lauder sold 12,661 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $152.75, for a total transaction of $1,933,967.75. Following the sale, the executive vice president now directly owns 55,800 shares in the company, valued at $8,523,450. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 1,796 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.93, for a total value of $272,866.28. Following the transaction, the director now owns 48,845 shares of the company’s stock, valued at $7,421,020.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jane Lauder sold 12,661 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $152.75, for a total value of $1,933,967.75. Following the completion of the transaction, the executive vice president now directly owns 55,800 shares in the company, valued at approximately $8,523,450. The disclosure for this sale can be found here. 12.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Bank of America dropped their price target on Estée Lauder Companies from $205.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 16th. Berenberg Bank dropped their price target on Estée Lauder Companies from $243.00 to $224.00 in a research note on Thursday. Citigroup decreased their price objective on Estée Lauder Companies from $195.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, August 21st. DA Davidson decreased their price objective on Estée Lauder Companies from $214.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, August 21st. Finally, Morgan Stanley decreased their price objective on Estée Lauder Companies from $243.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, August 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.31.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.