The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,415 shares of the company’s stock after purchasing an additional 472 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in Estée Lauder Companies were worth $1,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. boosted its holdings in shares of Estée Lauder Companies by 8.3% in the first quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company’s stock valued at $128,000 after acquiring an additional 68 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Estée Lauder Companies by 34.1% in the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Estée Lauder Companies by 0.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock valued at $2,440,000 after purchasing an additional 76 shares in the last quarter. Haverford Trust Co increased its position in Estée Lauder Companies by 2.3% during the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after purchasing an additional 78 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Estée Lauder Companies by 25.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock worth $62,000 after buying an additional 82 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The disclosure for this sale can be found here. 12.77% of the stock is owned by company insiders.

Estée Lauder Companies Trading Down 0.8 %

EL traded down $0.78 during midday trading on Thursday, hitting $91.63. The company’s stock had a trading volume of 349,092 shares, compared to its average volume of 3,067,902. The Estée Lauder Companies Inc. has a 52-week low of $86.05 and a 52-week high of $160.06. The firm has a 50-day moving average price of $97.50 and a two-hundred day moving average price of $123.08. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The firm has a market cap of $32.86 billion, a P/E ratio of 51.92, a PEG ratio of 1.53 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. Estée Lauder Companies’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. On average, research analysts anticipate that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies’s payout ratio is currently 148.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Estée Lauder Companies from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Piper Sandler upgraded shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $114.00 in a research report on Thursday, August 22nd. Barclays lowered their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Wells Fargo & Company reduced their price objective on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. decreased their target price on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Hold” and an average price target of $122.77.

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.