Fulton Bank N.A. Grows Position in The Estée Lauder Companies Inc. (NYSE:EL)

Fulton Bank N.A. increased its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,776 shares of the company’s stock after acquiring an additional 111 shares during the quarter. Fulton Bank N.A.’s holdings in Estée Lauder Companies were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. United Bank increased its holdings in shares of Estée Lauder Companies by 1.8% during the first quarter. United Bank now owns 4,879 shares of the company’s stock valued at $1,329,000 after acquiring an additional 88 shares in the last quarter. Cibc World Market Inc. grew its position in Estée Lauder Companies by 78.4% in the 1st quarter. Cibc World Market Inc. now owns 17,748 shares of the company’s stock worth $4,833,000 after purchasing an additional 7,797 shares during the period. Prudential PLC purchased a new stake in Estée Lauder Companies during the 1st quarter valued at $1,147,000. Cetera Investment Advisers lifted its holdings in shares of Estée Lauder Companies by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 3,932 shares of the company’s stock valued at $1,071,000 after buying an additional 92 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Estée Lauder Companies by 27.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 978 shares of the company’s stock worth $267,000 after buying an additional 210 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Canaccord Genuity Group reduced their target price on shares of Estée Lauder Companies from $208.00 to $162.00 and set a “hold” rating for the company in a report on Thursday, August 17th. Redburn Atlantic upgraded shares of Estée Lauder Companies from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $150.00 in a research note on Friday. TD Cowen reduced their price target on shares of Estée Lauder Companies from $200.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, August 22nd. Berenberg Bank lowered their target price on Estée Lauder Companies from $243.00 to $224.00 in a research report on Thursday, September 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Estée Lauder Companies from $224.00 to $191.00 and set an “overweight” rating for the company in a research report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.07.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $154.24 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $147.18 and a twelve month high of $283.62. The company has a current ratio of 1.46, a quick ratio of 0.99 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $169.99 and a two-hundred day simple moving average of $202.38. The stock has a market capitalization of $55.17 billion, a price-to-earnings ratio of 55.48, a P/E/G ratio of 3.37 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Friday, August 18th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.11. Estée Lauder Companies had a return on equity of 21.79% and a net margin of 6.32%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that The Estée Lauder Companies Inc. will post 3.66 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, August 30th. Estée Lauder Companies’s payout ratio is 94.96%.

Insiders Place Their Bets

In related news, Director Charlene Barshefsky sold 1,796 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.93, for a total transaction of $272,866.28. Following the completion of the transaction, the director now owns 48,845 shares in the company, valued at approximately $7,421,020.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Estée Lauder Companies news, EVP Jane Lauder sold 12,661 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $152.75, for a total value of $1,933,967.75. Following the completion of the sale, the executive vice president now owns 55,800 shares of the company’s stock, valued at $8,523,450. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 1,796 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $151.93, for a total transaction of $272,866.28. Following the transaction, the director now owns 48,845 shares in the company, valued at approximately $7,421,020.85. The disclosure for this sale can be found here. 12.75% of the stock is owned by company insiders.

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.