Simmons Bank Sells 208 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Simmons Bank reduced its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,580 shares of the company’s stock after selling 208 shares during the period. Simmons Bank’s holdings in Estée Lauder Companies were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EL. Commonwealth Equity Services LLC increased its stake 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. grew 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 acquiring an additional 4,773 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Estée Lauder Companies by 27.6% during the third quarter. Independent Advisor Alliance now owns 1,386 shares of the company’s stock worth $200,000 after purchasing an additional 300 shares during the period. Verdence Capital Advisors LLC increased its holdings in Estée Lauder Companies by 61.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,213 shares of the company’s stock valued at $320,000 after purchasing an additional 843 shares during the period. Finally, IFM Investors Pty Ltd lifted its holdings in Estée Lauder Companies by 3.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 48,218 shares of the company’s stock worth $6,970,000 after buying an additional 1,795 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Price Performance

Shares of NYSE EL traded down $0.09 during midday trading on Wednesday, reaching $129.40. The stock had a trading volume of 2,197,983 shares, compared to its average volume of 2,803,298. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The Estée Lauder Companies Inc. has a 12-month low of $102.22 and a 12-month high of $207.44. The stock has a 50-day moving average of $145.20 and a 200-day moving average of $138.03. The company has a market capitalization of $46.39 billion, a price-to-earnings ratio of 72.76, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business posted $0.47 EPS. Estée Lauder Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.66 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a yield of 2.04%. Estée Lauder Companies’s dividend payout ratio is presently 148.32%.

Analyst Ratings Changes

A number of brokerages recently commented on EL. Wells Fargo & Company raised their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Bernstein Bank increased their price objective on Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. StockNews.com raised shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $160.92.

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.