Fifth Third Bancorp reduced its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 28.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,857 shares of the company’s stock after selling 3,910 shares during the period. Fifth Third Bancorp’s holdings in Estee Lauder Companies were worth $796,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Estee Lauder Companies by 1,182.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock valued at $33,000 after purchasing an additional 461 shares during the last quarter. Winthrop Capital Management LLC grew its position in shares of Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock valued at $39,000 after purchasing an additional 560 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. CVA Family Office LLC grew its position in shares of Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company’s stock valued at $44,000 after purchasing an additional 359 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Estee Lauder Companies by 64.5% in the first quarter. Smartleaf Asset Management LLC now owns 788 shares of the company’s stock valued at $52,000 after purchasing an additional 309 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.
Estee Lauder Companies Stock Performance
NYSE:EL opened at $86.70 on Monday. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44. The firm has a 50 day moving average of $89.50 and a 200-day moving average of $75.49. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $31.20 billion, a P/E ratio of -27.61, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.
Estee Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.35 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. Estee Lauder Companies’s payout ratio is -44.59%.
Insider Buying and Selling
In other news, VP Lande Rashida La sold 6,417 shares of Estee Lauder Companies stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $91.88, for a total value of $589,593.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Forester sold 3,702 shares of Estee Lauder Companies stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $91.65, for a total transaction of $339,288.30. Following the completion of the transaction, the director owned 15,479 shares of the company’s stock, valued at $1,418,650.35. This trade represents a 19.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 13.05% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on EL shares. Royal Bank Of Canada raised their price target on Estee Lauder Companies from $90.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. UBS Group raised their price target on Estee Lauder Companies from $62.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Evercore ISI raised their price target on Estee Lauder Companies from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Wall Street Zen downgraded Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Estee Lauder Companies from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.55.
Get Our Latest Stock Report on EL
Estee 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.
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