Bath Savings Trust Co Cuts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Bath Savings Trust Co trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 49.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,056 shares of the company’s stock after selling 4,887 shares during the period. Bath Savings Trust Co’s holdings in Estée Lauder Companies were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Czech National Bank grew its stake in Estée Lauder Companies by 6.9% during the 3rd quarter. Czech National Bank now owns 47,469 shares of the company’s stock worth $4,732,000 after buying an additional 3,065 shares during the last quarter. Cullen Investment Group LTD. increased its holdings in shares of Estée Lauder Companies by 3.4% during the third quarter. Cullen Investment Group LTD. now owns 8,940 shares of the company’s stock valued at $891,000 after acquiring an additional 295 shares in the last quarter. Bard Financial Services Inc. purchased a new position in shares of Estée Lauder Companies in the 3rd quarter valued at approximately $1,478,000. SG Americas Securities LLC grew its position in Estée Lauder Companies by 17.4% during the 3rd quarter. SG Americas Securities LLC now owns 247,163 shares of the company’s stock worth $24,640,000 after purchasing an additional 36,604 shares during the last quarter. Finally, Cacti Asset Management LLC acquired a new position in Estée Lauder Companies during the 3rd quarter valued at approximately $276,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,578,114. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Price Performance

NYSE:EL opened at $96.05 on Tuesday. 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 stock has a 50 day moving average price of $92.04 and a 200 day moving average price of $113.89. The stock has a market cap of $34.44 billion, a PE ratio of 53.96, a P/E/G ratio of 1.46 and a beta of 1.01. The Estée Lauder Companies Inc. has a one year low of $82.39 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. Estée Lauder Companies’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. 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 declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders 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 dividend yield of 2.75%. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EL. Royal Bank of Canada reissued an “outperform” rating and set a $131.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Piper Sandler boosted their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. The Goldman Sachs Group cut their price target on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. UBS Group cut their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Finally, Bank of America lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $140.00 to $100.00 in a research report on Friday, August 16th. Fourteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $120.64.

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.