UMB Bank n.a. lowered its holdings in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 14.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 771 shares of the company’s stock after selling 135 shares during the period. UMB Bank n.a.’s holdings in Estee Lauder Companies were worth $62,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in Estee Lauder Companies by 21.9% in the first quarter. Invesco Ltd. now owns 6,681,785 shares of the company’s stock valued at $440,998,000 after purchasing an additional 1,200,537 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Estee Lauder Companies by 34.9% in the 1st quarter. American Century Companies Inc. now owns 4,511,115 shares of the company’s stock worth $297,734,000 after buying an additional 1,167,508 shares during the last quarter. Nuveen LLC bought a new position in shares of Estee Lauder Companies in the 1st quarter worth $35,607,000. Price T Rowe Associates Inc. MD raised its position in shares of Estee Lauder Companies by 133.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 781,341 shares of the company’s stock valued at $51,570,000 after buying an additional 446,662 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Estee Lauder Companies by 371.0% during the 1st quarter. Jones Financial Companies Lllp now owns 552,247 shares of the company’s stock worth $36,448,000 after acquiring an additional 434,988 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Price Performance
EL opened at $84.12 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $89.51 and its 200 day simple moving average is $75.24. The firm has a market cap of $30.27 billion, a price-to-earnings ratio of -26.79, a PEG ratio of 2.44 and a beta of 1.15. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44.
Estee Lauder Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.35 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. Estee Lauder Companies’s payout ratio is presently -44.59%.
Analyst Ratings Changes
A number of research firms recently commented on EL. Royal Bank Of Canada increased their target price on Estee Lauder Companies from $90.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Evercore ISI upped their price objective on Estee Lauder Companies from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Bank of America initiated coverage on Estee Lauder Companies in a research report on Thursday, July 10th. They issued a “buy” rating and a $110.00 target price for the company. Wells Fargo & Company increased their price target on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Finally, Hsbc Global Res upgraded shares of Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.55.
Check Out Our Latest Report on Estee Lauder Companies
Insider Activity
In related news, VP Lande Rashida La sold 6,417 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $91.88, for a total transaction of $589,593.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lynn Forester sold 3,702 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the sale, the director owned 15,479 shares of the company’s stock, valued at approximately $1,418,650.35. This trade represents a 19.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.
Estee 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.
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