Bokf Na Sells 16,798 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Bokf Na lowered its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 96.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 693 shares of the company’s stock after selling 16,798 shares during the quarter. Bokf Na’s holdings in Estée Lauder Companies were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in Estée Lauder Companies in the first quarter valued at about $26,000. Hexagon Capital Partners LLC raised its stake in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after buying an additional 99 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies in the second quarter valued at about $30,000. PARK CIRCLE Co purchased a new stake in Estée Lauder Companies in the second quarter valued at about $32,000. Finally, Crewe Advisors LLC purchased a new stake in Estée Lauder Companies in the first quarter valued at about $35,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Canaccord Genuity Group restated a “hold” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. StockNews.com upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a research note on Tuesday, August 20th. The Goldman Sachs Group reduced their price objective on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Finally, UBS Group reduced their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $120.27.

Estée Lauder Companies Stock Up 3.5 %

Shares of EL opened at $88.10 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a 12 month low of $82.39 and a 12 month high of $159.75. The stock’s 50 day moving average is $93.85 and its two-hundred day moving average is $119.02. The firm has a market cap of $31.59 billion, a P/E ratio of 49.49, a PEG ratio of 1.42 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. Estée Lauder Companies’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. Analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

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.