Blue Trust Inc. reduced its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL – Free Report) by 47.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,705 shares of the company’s stock after selling 1,559 shares during the quarter. Blue Trust Inc.’s holdings in Estée Lauder Companies were worth $181,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in EL. Hexagon Capital Partners LLC grew its stake in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. Crewe Advisors LLC bought a new stake in Estée Lauder Companies in the first quarter worth $35,000. Chilton Capital Management LLC grew its position in Estée Lauder Companies by 163.0% during the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Estée Lauder Companies by 3,262.5% in the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after acquiring an additional 261 shares during the period. Finally, Rothschild Investment LLC bought a new position in Estée Lauder Companies during the 2nd quarter valued at approximately $30,000. Institutional investors own 55.15% of the company’s stock.
Insider Activity
In other news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The shares were 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 in the company, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies 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 transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Research Report on EL
Estée Lauder Companies Trading Down 1.6 %
Shares of EL opened at $87.25 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75. The company’s fifty day simple moving average is $91.30 and its 200-day simple moving average is $108.60. The company has a market cap of $31.30 billion, a P/E ratio of 80.79, a P/E/G ratio of 1.47 and a beta of 1.01. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.
Estée Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the business earned $0.07 earnings per share. Estée Lauder Companies’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.
Estée Lauder Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.66 per share. The ex-dividend date was Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.03%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 244.44%.
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, and powders, as well as compacts, brushes, and other makeup tools.
Read More
- Five stocks we like better than Estée Lauder Companies
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How to Calculate Options Profits
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- P/E Ratio Calculation: How to Assess Stocks
- MarketBeat Week in Review – 10/21- 10/25
Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estée Lauder Companies Inc. (NYSE:EL – Free Report).
Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.