Whittier Trust Co. of Nevada Inc. Sells 21,365 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Whittier Trust Co. of Nevada Inc. decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 89.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,532 shares of the company’s stock after selling 21,365 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Estée Lauder Companies were worth $252,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Riverview Trust Co bought a new position in Estée Lauder Companies in the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC raised its stake in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies in the second quarter valued at approximately $30,000. PARK CIRCLE Co purchased a new position in shares of Estée Lauder Companies during the second quarter valued at approximately $32,000. Finally, Kimelman & Baird LLC bought a new stake in Estée Lauder Companies during the second quarter worth $32,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $87.79 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The stock has a market cap of $31.48 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The stock has a fifty day moving average of $91.58 and a 200-day moving average of $109.15.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s payout ratio is 148.31%.

Analyst Upgrades and Downgrades

EL has been the topic of several recent analyst reports. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Tuesday, August 20th. Evercore ISI decreased their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Wells Fargo & Company cut their target price on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Finally, Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Sixteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $117.36.

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.