The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. grew its stake in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,751 shares of the company’s stock after buying an additional 540 shares during the period. Raymond James Trust N.A.’s holdings in Estée Lauder Companies were worth $3,757,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Estée Lauder Companies by 13.1% in the 4th quarter. BlackRock Inc. now owns 16,953,258 shares of the company’s stock valued at $6,276,099,000 after buying an additional 1,969,898 shares in the last quarter. State Street Corp boosted its holdings in shares of Estée Lauder Companies by 1.9% in the 1st quarter. State Street Corp now owns 9,946,170 shares of the company’s stock valued at $2,708,541,000 after buying an additional 184,272 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of Estée Lauder Companies by 20.5% in the 1st quarter. Ninety One UK Ltd now owns 3,093,432 shares of the company’s stock valued at $842,403,000 after buying an additional 525,319 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Estée Lauder Companies by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,515,112 shares of the company’s stock valued at $931,095,000 after buying an additional 47,862 shares in the last quarter. Finally, Norges Bank purchased a new stake in Estée Lauder Companies in the 4th quarter valued at $858,734,000. Institutional investors and hedge funds own 56.96% of the company’s stock.

Insider Activity at Estée Lauder Companies

In related news, Director Wei Sun Christianson sold 1,056 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $261.52, for a total value of $276,165.12. Following the sale, the director now directly owns 10,402 shares of the company’s stock, valued at approximately $2,720,331.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Barry S. Sternlicht sold 4,736 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $274.31, for a total value of $1,299,132.16. Following the sale, the director now directly owns 30,982 shares of the company’s stock, valued at approximately $8,498,672.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Wei Sun Christianson sold 1,056 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $261.52, for a total transaction of $276,165.12. Following the sale, the director now directly owns 10,402 shares in the company, valued at $2,720,331.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,727 shares of company stock valued at $10,591,510. Insiders own 13.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DA Davidson reduced their price target on shares of Estée Lauder Companies from $342.00 to $318.00 and set a “buy” rating for the company in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. reduced their price target on shares of Estée Lauder Companies from $270.00 to $265.00 in a research report on Thursday, July 21st. Wells Fargo & Company upped their price target on shares of Estée Lauder Companies from $290.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. Piper Sandler upped their price target on shares of Estée Lauder Companies to $325.00 in a research report on Monday, August 22nd. Finally, Credit Suisse Group reduced their price target on shares of Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating for the company in a research report on Friday, August 19th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $317.78.

Estée Lauder Companies Stock Performance

Shares of EL opened at $234.91 on Friday. The company has a 50-day simple moving average of $259.47 and a 200-day simple moving average of $258.07. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $83.84 billion, a PE ratio of 36.03, a P/E/G ratio of 3.18 and a beta of 0.99. The Estée Lauder Companies Inc. has a 52-week low of $225.39 and a 52-week high of $374.20.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings results on Thursday, August 18th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.48 billion. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. Equities research analysts predict that The Estée Lauder Companies Inc. will post 7.53 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.40 dividend on an annualized basis and a yield of 1.02%. Estée Lauder Companies’s payout ratio is 36.81%.

Estée Lauder Companies Company Profile

(Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

Featured Stories

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estée Lauder Companies Inc. (NYSE:ELGet Rating).

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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