The Estée Lauder Companies Inc. (NYSE:EL) Stake Reduced by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 88.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,033 shares of the company’s stock after selling 47,347 shares during the quarter. Prio Wealth Limited Partnership’s holdings in Estée Lauder Companies were worth $601,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC grew its stake in Estée Lauder Companies by 34.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock worth $45,000 after buying an additional 75 shares during the last quarter. Haverford Trust Co boosted 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 acquiring an additional 78 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in 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 acquiring an additional 82 shares during the period. Capital Advisors Ltd. LLC boosted its position in Estée Lauder Companies by 11.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock worth $131,000 after acquiring an additional 90 shares during the period. Finally, Hexagon Capital Partners LLC boosted its position in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Stifel Nicolaus reduced their price target on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Piper Sandler boosted their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 price target on shares of Estée Lauder Companies in a research report on Monday, August 19th. Finally, Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.36.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the company’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 completion of the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Estée Lauder Companies Stock Down 1.2 %

NYSE:EL traded down $1.11 during trading hours on Monday, hitting $88.93. 361,894 shares of the company’s stock traded hands, compared to its average volume of 3,192,731. The firm has a market cap of $31.89 billion, a P/E ratio of 50.58, a P/E/G ratio of 1.58 and a beta of 1.01. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The stock’s fifty day moving average price is $91.68 and its two-hundred day moving average price is $110.09.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. Estée Lauder Companies’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share. On average, research analysts expect that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s payout ratio is 148.31%.

Estée 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.