SVB Wealth LLC Cuts Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

SVB Wealth LLC lowered its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 70.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,810 shares of the company’s stock after selling 25,275 shares during the period. SVB Wealth LLC’s holdings in Estée Lauder Companies were worth $1,581,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Arlington Trust Co LLC acquired a new stake in shares of Estée Lauder Companies in the third quarter worth $32,000. Chilton Capital Management LLC acquired a new stake in shares of Estée Lauder Companies in the first quarter worth $37,000. Cornerstone Planning Group LLC acquired a new stake in shares of Estée Lauder Companies in the second quarter worth $39,000. Exchange Traded Concepts LLC increased its position in shares of Estée Lauder Companies by 1,900.0% in the third quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Estée Lauder Companies by 82.2% in the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EL shares. Oppenheimer reissued a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday. Wells Fargo & Company raised their price target on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Royal Bank of Canada raised their price target on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. The Goldman Sachs Group initiated coverage on shares of Estée Lauder Companies in a report on Friday, March 1st. They set a “neutral” rating and a $145.00 price target for the company. Finally, Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $168.00.

Estée Lauder Companies Trading Up 4.9 %

Shares of NYSE:EL opened at $144.81 on Friday. The company has a market cap of $51.91 billion, a PE ratio of 111.39, a P/E/G ratio of 3.57 and a beta of 1.07. The company’s 50-day moving average price is $146.56 and its 200 day moving average price is $138.07. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $260.46. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.33. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. Estée Lauder Companies’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.54 EPS. Sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.66 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 annualized dividend and a yield of 1.82%. Estée Lauder Companies’s dividend payout ratio is presently 203.08%.

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.