The Estée Lauder Companies Inc. (NYSE:EL) CEO Fabrizio Freda Sells 10,969 Shares of Stock

The Estée Lauder Companies Inc. (NYSE:EL) CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Estée Lauder Companies Stock Down 0.8 %

EL stock opened at $65.89 on Wednesday. The Estée Lauder Companies Inc. has a twelve month low of $63.36 and a twelve month high of $159.75. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The company has a market cap of $23.64 billion, a PE ratio of 117.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The business’s 50-day simple moving average is $88.99 and its 200 day simple moving average is $104.88.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. On average, research analysts anticipate that The Estée Lauder Companies Inc. will post 2.95 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is 250.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Thursday, October 31st. DA Davidson reaffirmed a “buy” rating and issued a $130.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $113.00 to $74.00 in a report on Friday, November 1st. Finally, Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $100.90.

Institutional Trading of Estée Lauder Companies

Institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC grew its position in Estée Lauder Companies by 6.3% in the second quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock valued at $228,000 after acquiring an additional 127 shares during the period. Canandaigua National Bank & Trust Co. grew its holdings in shares of Estée Lauder Companies by 2.1% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock worth $756,000 after purchasing an additional 145 shares during the last quarter. Financial Counselors Inc. increased its position in shares of Estée Lauder Companies by 4.2% during the 1st quarter. Financial Counselors Inc. now owns 3,687 shares of the company’s stock worth $568,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after purchasing an additional 151 shares during the last quarter. Finally, Horizon Bancorp Inc. IN boosted its position in Estée Lauder Companies by 22.3% in the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock valued at $90,000 after buying an additional 154 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

About Estée Lauder Companies

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.