The Estée Lauder Companies Inc. (NYSE:EL) Position Lowered by Amalgamated Bank

Amalgamated Bank reduced its position in The Estée Lauder Companies Inc. (NYSE:EL) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,263 shares of the company’s stock after selling 513 shares during the quarter. Amalgamated Bank’s holdings in Estée Lauder Companies were worth $5,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EL. Tradewinds Capital Management LLC increased its holdings in shares of Estée Lauder Companies by 34.1% in 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. Haverford Trust Co raised its holdings in shares of Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after purchasing an additional 78 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Estée Lauder Companies by 25.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after buying an additional 82 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Estée Lauder Companies by 11.9% in the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after acquiring an additional 90 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Estée Lauder Companies by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock valued at $98,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, 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 available through this link. In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Wells Fargo & Company decreased their price target on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th. JPMorgan Chase & Co. cut their target price on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Evercore ISI lowered their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Finally, Bank of America downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $140.00 to $100.00 in a research report on Friday, August 16th. Fourteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $120.27.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $85.01 on Friday. The stock’s fifty day moving average is $92.92 and its 200-day moving average is $118.15. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The Estée Lauder Companies Inc. has a 52 week low of $82.39 and a 52 week high of $159.75. The stock has a market capitalization of $30.48 billion, a PE ratio of 47.76, a PEG ratio of 1.42 and a beta of 1.00.

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

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.11%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

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.