1,983 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. acquired a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,983 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors also recently bought and sold shares of the company. DB Fitzpatrick & Co Inc grew its position in Estée Lauder Companies by 33.5% during the 1st quarter. DB Fitzpatrick & Co Inc now owns 7,574 shares of the company’s stock valued at $1,168,000 after purchasing an additional 1,901 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new stake in Estée Lauder Companies during the 1st quarter valued at about $250,000. Tradewinds Capital Management LLC boosted its holdings in shares of Estée Lauder Companies by 34.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after acquiring an additional 75 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in shares of Estée Lauder Companies by 1.6% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 18,412 shares of the company’s stock valued at $2,838,000 after acquiring an additional 283 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Estée Lauder Companies by 10.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 603,823 shares of the company’s stock valued at $93,079,000 after acquiring an additional 55,193 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday, May 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $155.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. Citigroup upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Bernstein Bank increased their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Finally, StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. 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 data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $160.75.

Insiders Place Their Bets

In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the transaction, the insider now directly owns 5,578 shares of the company’s stock, valued at $728,598.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Jueptner sold 12,786 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the sale, the insider now directly owns 5,578 shares of the company’s stock, valued at $728,598.36. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock valued at $5,453,232 over the last three months. 12.77% of the stock is owned by company insiders.

Estée Lauder Companies Trading Up 0.5 %

EL stock opened at $106.44 on Friday. The firm has a fifty day moving average price of $124.21 and a 200 day moving average price of $136.42. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $198.86. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market cap of $38.17 billion, a PE ratio of 59.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the firm posted $0.47 earnings per share. Estée Lauder Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend 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%.

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.