Wealth Enhancement Advisory Services LLC Grows Position in The Estée Lauder Companies Inc. (NYSE:EL)

Wealth Enhancement Advisory Services LLC raised its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 38.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,908 shares of the company’s stock after purchasing an additional 8,601 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Estée Lauder Companies were worth $4,764,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Brookstone Capital Management raised its position in shares of Estée Lauder Companies by 42.4% in the 1st quarter. Brookstone Capital Management now owns 5,429 shares of the company’s stock worth $837,000 after buying an additional 1,616 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Estée Lauder Companies in the 1st quarter valued at about $339,000. Riverview Trust Co purchased a new stake in shares of Estée Lauder Companies during the 1st quarter worth about $26,000. Central Valley Advisors LLC increased its position in Estée Lauder Companies by 15.6% during the 1st quarter. Central Valley Advisors LLC now owns 7,568 shares of the company’s stock worth $1,167,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Navalign LLC raised its holdings in Estée Lauder Companies by 43.1% in the first quarter. Navalign LLC now owns 3,398 shares of the company’s stock valued at $524,000 after buying an additional 1,023 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the subject of several recent research reports. Oppenheimer reissued a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Telsey Advisory Group restated a “market perform” rating and set a $155.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. StockNews.com upgraded Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $191.00 price objective on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Sixteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $160.75.

Insider Buying and Selling at Estée Lauder Companies

In other news, CFO Tracey Thomas Travis sold 14,493 shares of Estée Lauder Companies 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 sale, the chief financial officer now owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 57,389 shares in the company, valued at $6,958,990.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock valued at $5,453,232 in the last ninety days. Company insiders own 12.77% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $105.38 on Tuesday. The company has a market cap of $37.79 billion, a PE ratio of 59.20, a P/E/G ratio of 3.24 and a beta of 0.99. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $198.86. The firm has a 50-day simple moving average of $126.73 and a 200 day simple moving average of $137.18. 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 posted its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Friday, May 31st. Estée Lauder Companies’s payout ratio is 148.32%.

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.