Blair William & Co. IL Sells 13,536 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Blair William & Co. IL lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 13.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,451 shares of the company’s stock after selling 13,536 shares during the period. Blair William & Co. IL’s holdings in Estée Lauder Companies were worth $12,352,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

EL has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on Estée Lauder Companies from $200.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Royal Bank of Canada boosted their price objective on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. Raymond James increased their target price on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 6th. Bank of America decreased their price target on Estée Lauder Companies from $175.00 to $148.00 and set a “neutral” rating for the company in a research note on Tuesday, October 17th. Finally, Wells Fargo & Company increased their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Seventeen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $173.35.

Check Out Our Latest Stock Analysis on Estée Lauder Companies

Estée Lauder Companies Stock Performance

Shares of NYSE:EL opened at $143.34 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $51.38 billion, a price-to-earnings ratio of 110.26, a PEG ratio of 3.91 and a beta of 1.07. The Estée Lauder Companies Inc. has a 12 month low of $102.22 and a 12 month high of $262.26. The firm’s 50-day moving average is $138.05 and its 200 day moving average is $141.92.

Estée Lauder Companies (NYSE:ELGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts predict that The Estée Lauder Companies Inc. will post 2.24 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 29th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently 203.08%.

Estée Lauder Companies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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