The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co reduced its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 48.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,288 shares of the company’s stock after selling 12,397 shares during the period. WASHINGTON TRUST Co’s holdings in Estée Lauder Companies were worth $996,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $29,000. Eagle Bay Advisors LLC raised its holdings in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in Estée Lauder Companies in the third quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the acquisition, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 119,200 shares of company stock valued at $7,801,318 over the last 90 days. 12.78% of the stock is currently owned by company insiders.

Estée Lauder Companies Stock Performance

EL stock opened at $68.80 on Friday. The company has a market capitalization of $24.70 billion, a P/E ratio of -35.28, a PEG ratio of 5.43 and a beta of 1.03. The company has a 50-day simple moving average of $75.85 and a 200 day simple moving average of $81.94. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54. The company has a quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. Sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s payout ratio is currently -71.79%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EL shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Canaccord Genuity Group cut their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. TD Cowen lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, UBS Group boosted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.00.

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