Raymond James & Associates Sells 25,088 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Raymond James & Associates reduced its stake in The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 646,566 shares of the company’s stock after selling 25,088 shares during the quarter. Raymond James & Associates’ holdings in Estée Lauder Companies were worth $94,560,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Financiere des Professionnels Fonds d investissement inc. lifted its position in Estée Lauder Companies by 29.1% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 47,959 shares of the company’s stock worth $7,014,000 after buying an additional 10,804 shares in the last quarter. SG Americas Securities LLC lifted its position in Estée Lauder Companies by 3.5% during the 4th quarter. SG Americas Securities LLC now owns 12,531 shares of the company’s stock worth $1,833,000 after buying an additional 422 shares in the last quarter. Brookstone Capital Management lifted its position in Estée Lauder Companies by 24.7% during the 4th quarter. Brookstone Capital Management now owns 3,813 shares of the company’s stock worth $558,000 after buying an additional 756 shares in the last quarter. City Holding Co. lifted its position in Estée Lauder Companies by 74.4% during the 4th quarter. City Holding Co. now owns 7,680 shares of the company’s stock worth $1,123,000 after buying an additional 3,277 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in Estée Lauder Companies by 5.2% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 8,653 shares of the company’s stock worth $1,266,000 after buying an additional 429 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on EL shares. Royal Bank of Canada boosted their price target on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. Wells Fargo & Company upped their target price on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Raymond James upped their target price on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 6th. StockNews.com cut shares of Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Finally, Telsey Advisory Group upped their target price on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $164.71.

View Our Latest Stock Analysis on Estée Lauder Companies

Estée Lauder Companies Trading Down 2.8 %

Shares of EL stock opened at $139.17 on Tuesday. The company has a market cap of $49.89 billion, a P/E ratio of 107.05, a PEG ratio of 3.92 and a beta of 1.07. The stock has a 50 day simple moving average of $142.19 and a two-hundred day simple moving average of $138.52. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $260.46.

Estée Lauder Companies (NYSE:ELGet Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. Research analysts forecast that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.90%. Estée Lauder Companies’s dividend payout ratio is 203.08%.

Estée Lauder Companies 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.

See Also

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

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