The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,413 shares of the company’s stock after selling 1,145 shares during the period. Mutual of America Capital Management LLC’s holdings in Estée Lauder Companies were worth $3,130,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EL. 9258 Wealth Management LLC increased its position in shares of Estée Lauder Companies by 59.3% during the fourth quarter. 9258 Wealth Management LLC now owns 3,043 shares of the company’s stock worth $445,000 after purchasing an additional 1,133 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Estée Lauder Companies by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock valued at $98,000 after buying an additional 96 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Estée Lauder Companies by 15.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,432 shares of the company’s stock valued at $755,000 after buying an additional 723 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Estée Lauder Companies by 37,800.0% in the fourth quarter. Johnson Financial Group Inc. now owns 758 shares of the company’s stock worth $111,000 after buying an additional 756 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Estée Lauder Companies by 9.5% during the fourth quarter. Artisan Partners Limited Partnership now owns 732,456 shares of the company’s stock worth $107,122,000 after acquiring an additional 63,379 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Estée Lauder Companies Stock Performance

NYSE EL opened at $86.69 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market cap of $31.08 billion, a P/E ratio of 48.70, a P/E/G ratio of 1.42 and a beta of 1.00. The stock has a 50-day moving average of $92.63 and a two-hundred day moving average of $117.32. The Estée Lauder Companies Inc. has a 1-year low of $82.39 and a 1-year high of $159.75.

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

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.05%. Estée Lauder Companies’s payout ratio is 148.31%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EL shares. UBS Group decreased their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Barclays dropped their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Piper Sandler upgraded Estée Lauder Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $114.00 in a report on Thursday, August 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $115.00 price objective on shares of Estée Lauder Companies in a report on Monday, August 19th. Finally, Evercore ISI reduced their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $120.27.

About Estée Lauder Companies

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.