Ronald S. Foundation Lauder Sells 27,830 Shares of Estee Lauder Companies Inc (EL) Stock

Estee Lauder Companies Inc (NYSE:EL) major shareholder Ronald S. Foundation Lauder sold 27,830 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $167.07, for a total transaction of $4,649,558.10. Following the completion of the sale, the insider now directly owns 94,801 shares of the company’s stock, valued at approximately $15,838,403.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

EL traded up $2.97 during trading hours on Wednesday, hitting $169.97. 1,200,404 shares of the company’s stock were exchanged, compared to its average volume of 1,891,624. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $180.20. The stock has a market capitalization of $59.74 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.44 and a beta of 0.72. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. As a group, research analysts predict that Estee Lauder Companies Inc will post 5.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, May 30th. Estee Lauder Companies’s payout ratio is 38.14%.

EL has been the subject of several recent analyst reports. Telsey Advisory Group upped their target price on shares of Estee Lauder Companies from $170.00 to $179.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Macquarie increased their price objective on shares of Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Deutsche Bank increased their price objective on shares of Estee Lauder Companies to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Friday, January 18th. Finally, BMO Capital Markets increased their price objective on shares of Estee Lauder Companies from $140.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. Estee Lauder Companies currently has a consensus rating of “Buy” and a consensus target price of $170.78.

A number of institutional investors and hedge funds have recently made changes to their positions in EL. Machina Capital S.A.S. acquired a new stake in Estee Lauder Companies in the fourth quarter valued at $30,000. Anderson Fisher LLC acquired a new stake in Estee Lauder Companies in the first quarter valued at $43,000. Trust Co. of Vermont lifted its stake in Estee Lauder Companies by 112.1% in the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock valued at $44,000 after acquiring an additional 139 shares during the last quarter. Motco lifted its stake in Estee Lauder Companies by 45.8% in the first quarter. Motco now owns 277 shares of the company’s stock valued at $46,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Gravity Wealth Inc. acquired a new stake in Estee Lauder Companies in the first quarter valued at $50,000. Institutional investors and hedge funds own 53.06% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Ronald S. Foundation Lauder Sells 27,830 Shares of Estee Lauder Companies Inc (EL) Stock” was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.thelincolnianonline.com/2019/05/15/ronald-s-foundation-lauder-sells-27830-shares-of-estee-lauder-companies-inc-el-stock.html.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

See Also: What is a Tariff?

Insider Buying and Selling by Quarter for Estee Lauder Companies (NYSE:EL)

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.