King Luther Capital Management Corp Sells 60,981 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

King Luther Capital Management Corp lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 24.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,954 shares of the company’s stock after selling 60,981 shares during the quarter. King Luther Capital Management Corp owned about 0.05% of Estée Lauder Companies worth $19,573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC purchased a new position in shares of Estée Lauder Companies in the first quarter valued at $291,171,000. Vanguard Group Inc. grew its holdings in Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after buying an additional 1,250,555 shares in the last quarter. Carmignac Gestion increased its position in shares of Estée Lauder Companies by 1,908.0% during the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after buying an additional 1,136,201 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Estée Lauder Companies by 3,477.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 566,180 shares of the company’s stock worth $82,804,000 after buying an additional 550,355 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Estée Lauder Companies in the first quarter valued at approximately $82,664,000. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction 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 transaction, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Estée Lauder Companies Price Performance

EL opened at $85.01 on Friday. 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 stock’s 50 day simple moving average is $92.92 and its 200 day simple moving average is $118.15. The firm has a market cap of $30.48 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 1.42 and a beta of 1.00. 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 issued its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. As a group, analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend 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 is currently 148.31%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $140.00 to $100.00 in a research note on Friday, August 16th. Stifel Nicolaus decreased their price target on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Evercore ISI dropped their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Barclays decreased their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $130.00 price target on shares of Estée Lauder Companies in a report on Tuesday, September 3rd. Fourteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock 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.