Blair William & Co. IL Has $7.27 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Blair William & Co. IL lowered its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,287 shares of the company’s stock after selling 4,803 shares during the period. Blair William & Co. IL’s holdings in Estée Lauder Companies were worth $7,266,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in shares of Estée Lauder Companies during the first quarter valued at about $26,000. Hexagon Capital Partners LLC raised its stake in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the period. Rothschild Investment LLC bought a new position in Estée Lauder Companies in the second quarter worth approximately $30,000. PARK CIRCLE Co acquired a new position in shares of Estée Lauder Companies during the second quarter worth approximately $32,000. Finally, Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies in the 1st quarter worth $35,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Activity at Estée Lauder Companies

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

Estée Lauder Companies Stock Down 2.8 %

Estée Lauder Companies stock opened at $85.01 on Friday. The firm has a 50 day simple moving average of $92.92 and a 200 day simple moving average of $118.15. 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 1-year low of $82.39 and a 1-year high of $159.75. The firm has a market capitalization of $30.48 billion, a price-to-earnings ratio of 47.76, a P/E/G ratio of 1.42 and a beta of 1.00.

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

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.66 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.11%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 148.31%.

Analysts Set New Price Targets

A number of analysts have commented on EL shares. Telsey Advisory Group restated a “market perform” rating and set a $115.00 price target on shares of Estée Lauder Companies in a research note on Monday, August 19th. Piper Sandler upgraded Estée Lauder Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $114.00 in a report on Thursday, August 22nd. Barclays cut their price objective on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Citigroup dropped their price target on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Finally, Evercore ISI reduced their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average price target of $120.27.

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.