Kingswood Wealth Advisors LLC Buys Shares of 2,196 The Estée Lauder Companies Inc. (NYSE:EL)

Kingswood Wealth Advisors LLC purchased a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,196 shares of the company’s stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at $26,000. Riverview Trust Co purchased a new position in Estée Lauder Companies during the 1st quarter valued at about $26,000. Sunbelt Securities Inc. raised its position in Estée Lauder Companies by 82.2% during the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $41,000. Finally, Northwest Financial Advisors purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on EL. StockNews.com upgraded Estée Lauder Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Barclays dropped their price objective on Estée Lauder Companies from $140.00 to $136.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Morgan Stanley lowered shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $164.00 to $140.00 in a report on Friday, May 3rd. Canaccord Genuity Group lowered their price target on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. decreased 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. Sixteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.75.

Estée Lauder Companies Price Performance

EL opened at $110.86 on Friday. The Estée Lauder Companies Inc. has a 52-week low of $102.22 and a 52-week high of $198.86. The company has a 50 day moving average of $128.17 and a two-hundred day moving average of $137.60. The company has a market cap of $39.75 billion, a P/E ratio of 62.28, a P/E/G ratio of 3.47 and a beta of 1.04. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results 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 firm had revenue of $3.94 billion during 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 firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. On average, analysts expect that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.38%. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

Insider Transactions at Estée Lauder Companies

In related news, CFO Tracey Thomas Travis sold 14,493 shares of Estée Lauder Companies stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the sale, the chief financial officer now owns 47,248 shares of the company’s stock, valued at approximately $6,412,971.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the sale, the chief financial officer now owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the sale, the executive vice president now owns 57,389 shares in the company, valued at $6,958,990.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,255 shares of company stock valued at $5,453,232. Corporate insiders own 12.77% of the company’s stock.

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.