The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Intrust Bank NA

Intrust Bank NA lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,750 shares of the company’s stock after selling 405 shares during the period. Intrust Bank NA’s holdings in Estée Lauder Companies were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Exchange Traded Concepts LLC raised its holdings in Estée Lauder Companies by 1,900.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after purchasing an additional 266 shares during the period. Commonwealth Equity Services LLC raised its holdings in Estée Lauder Companies by 29.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,201 shares of the company’s stock worth $3,209,000 after purchasing an additional 5,025 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Estée Lauder Companies by 40.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,619 shares of the company’s stock worth $2,402,000 after purchasing an additional 4,773 shares during the period. Xponance Inc. increased its stake in Estée Lauder Companies by 3.4% during the 3rd quarter. Xponance Inc. now owns 36,740 shares of the company’s stock worth $5,311,000 after buying an additional 1,194 shares in the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in Estée Lauder Companies during the 3rd quarter worth approximately $259,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EL shares. Barclays boosted their price objective on Estée Lauder Companies from $146.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. StockNews.com lowered Estée Lauder Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group started coverage on Estée Lauder Companies in a research report on Friday, March 1st. They issued a “neutral” rating and a $145.00 price target for the company. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $155.00 price objective on shares of Estée Lauder Companies in a report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $163.29.

Estée Lauder Companies Stock Down 13.2 %

Shares of NYSE EL opened at $127.37 on Thursday. The stock has a market cap of $45.66 billion, a P/E ratio of 97.98, a PEG ratio of 3.85 and a beta of 1.07. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16. The Estée Lauder Companies Inc. has a 12-month low of $102.22 and a 12-month high of $246.48. The business’s fifty day simple moving average is $146.50 and its 200-day simple moving average is $138.26.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.49. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.07%. Estée Lauder Companies’s payout ratio is currently 203.08%.

Estée Lauder Companies 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.