Blue Trust Inc. Sells 1,559 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Blue Trust Inc. reduced its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) 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

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research note on Tuesday, August 20th. Evercore ISI reduced their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, UBS Group dropped 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. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $116.91.

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) 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.