Estée Lauder Companies (NYSE:EL) Stock Unloaded Rep. Kevin Hern

Representative Kevin Hern (R-Oklahoma) recently sold shares of The Estée Lauder Companies Inc. (NYSE:EL). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $15,001 and $50,000 in Estée Lauder Companies stock on December 31st. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST > BROKERAGE INVESTMENT ACCOUNT” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of Intel (NASDAQ:INTC) on 12/31/2024.
• Sold $250,001 – $500,000 in shares of Devon Energy (NYSE:DVN) on 12/31/2024.
• Sold $100,001 – $250,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/31/2024.
• Sold $50,001 – $100,000 in shares of DexCom (NASDAQ:DXCM) on 12/31/2024.
• Sold $50,001 – $100,000 in shares of AGCO (NYSE:AGCO) on 12/31/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 12/12/2024.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 12/10/2024.
• Purchased $100,001 – $250,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.

Estée Lauder Companies Stock Performance

EL traded down $0.21 on Friday, reaching $77.86. 2,948,283 shares of the stock were exchanged, compared to its average volume of 2,646,628. The company’s 50-day moving average price is $73.48 and its 200 day moving average price is $85.83. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $27.95 billion, a PE ratio of 139.04, a PEG ratio of 5.02 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.80%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada decreased their price objective on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays boosted their price objective on Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday. Canaccord Genuity Group decreased their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a report on Monday, November 4th. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $93.55.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg acquired 75,500 shares of Estée Lauder Companies stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the purchase, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in Estée Lauder Companies by 6.2% during the second quarter. American Century Companies Inc. now owns 381,834 shares of the company’s stock worth $40,627,000 after purchasing an additional 22,309 shares in the last quarter. Federated Hermes Inc. lifted its stake in Estée Lauder Companies by 1,324.7% during the second quarter. Federated Hermes Inc. now owns 17,738 shares of the company’s stock worth $1,887,000 after purchasing an additional 16,493 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its stake in Estée Lauder Companies by 30.4% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 1,931 shares of the company’s stock worth $205,000 after purchasing an additional 450 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Estée Lauder Companies by 4.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,213 shares of the company’s stock worth $1,938,000 after purchasing an additional 714 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Estée Lauder Companies by 4.5% during the second quarter. Envestnet Asset Management Inc. now owns 358,408 shares of the company’s stock worth $38,135,000 after purchasing an additional 15,333 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2025. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2024 election. Before running for Congress, Hern was a McDonald’s franchisee and served on the McDonald’s National Leadership Team. Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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, and powders, as well as compacts, brushes, and other makeup tools.