Atlantic Union Bankshares Corp Cuts Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Atlantic Union Bankshares Corp lowered its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,119 shares of the company’s stock after selling 144 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Estée Lauder Companies were worth $1,560,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. LPL Financial LLC grew its position in Estée Lauder Companies by 5.2% during the third quarter. LPL Financial LLC now owns 108,063 shares of the company’s stock valued at $15,606,000 after acquiring an additional 5,303 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in Estée Lauder Companies by 14.3% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,001 shares of the company’s stock worth $145,000 after purchasing an additional 125 shares during the period. Treasurer of the State of North Carolina raised its position in Estée Lauder Companies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the company’s stock worth $15,001,000 after purchasing an additional 400 shares during the period. Synovus Financial Corp lifted its stake in Estée Lauder Companies by 14.3% in the third quarter. Synovus Financial Corp now owns 19,611 shares of the company’s stock worth $2,835,000 after purchasing an additional 2,457 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Estée Lauder Companies by 5.0% during the third quarter. Tower Research Capital LLC TRC now owns 14,145 shares of the company’s stock valued at $2,045,000 after buying an additional 677 shares during the period. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $106.40 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The company’s fifty day moving average price is $126.73 and its 200-day moving average price is $137.22. The stock has a market cap of $38.15 billion, a PE ratio of 59.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.04. The Estée Lauder Companies Inc. has a 12 month low of $102.22 and a 12 month high of $198.86.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Estée Lauder Companies’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Friday, May 31st. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Insider Buying and Selling at Estée Lauder Companies

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the stock in a transaction on Wednesday, May 15th. The stock was 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 of the company’s stock, valued at $6,412,971.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 47,248 shares in the company, valued at $6,412,971.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,255 shares of company stock worth $5,453,232. 12.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Canaccord Genuity Group decreased their price objective on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. DA Davidson reissued a “buy” rating and set a $191.00 price objective on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Bernstein Bank lifted their target price on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Barclays lowered their price target on shares of Estée Lauder Companies from $140.00 to $136.00 and set an “equal weight” rating for the company in a report on Friday, June 14th. Finally, Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. Sixteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and an average price target of $160.75.

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.