American International Group Inc. Sells 394 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

American International Group Inc. cut its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,118 shares of the company’s stock after selling 394 shares during the quarter. American International Group Inc.’s holdings in Estée Lauder Companies were worth $11,132,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EL. Integrated Advisors Network LLC boosted its holdings in Estée Lauder Companies by 7.2% during the 4th quarter. Integrated Advisors Network LLC now owns 2,019 shares of the company’s stock valued at $295,000 after acquiring an additional 135 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Estée Lauder Companies by 113.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 156,583 shares of the company’s stock worth $22,900,000 after purchasing an additional 83,320 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Estée Lauder Companies in the fourth quarter worth $266,000. V Square Quantitative Management LLC raised its holdings in Estée Lauder Companies by 150.5% during the 4th quarter. V Square Quantitative Management LLC now owns 3,397 shares of the company’s stock valued at $497,000 after buying an additional 2,041 shares during the last quarter. Finally, GLOBALT Investments LLC GA purchased a new stake in Estée Lauder Companies during the 4th quarter valued at $1,037,000. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Stock Up 0.9 %

EL opened at $114.88 on Tuesday. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $201.56. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average price of $132.16 and a 200-day moving average price of $138.68. The stock has a market capitalization of $41.19 billion, a price-to-earnings ratio of 64.54, a PEG ratio of 3.47 and a beta of 1.04.

Estée Lauder Companies (NYSE:EL) last released 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. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, May 31st. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Insider Buying and Selling

In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the transaction, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the transaction, the insider now owns 5,578 shares of the company’s stock, valued at approximately $728,598.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the sale, the chief financial officer now directly owns 47,248 shares in the company, valued at $6,412,971.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,255 shares of company stock valued at $5,453,232. 12.77% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on EL shares. StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reduced their target price on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Canaccord Genuity Group cut their price target on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $155.00 target price on shares of Estée Lauder Companies in a research report on Wednesday, May 1st. Sixteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus target price of $160.75.

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.