The Estée Lauder Companies Inc. (NYSE:EL) Position Lowered by Raymond James Trust N.A.

Raymond James Trust N.A. decreased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 24.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,880 shares of the company’s stock after selling 3,929 shares during the period. Raymond James Trust N.A.’s holdings in Estée Lauder Companies were worth $1,184,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of EL. Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies during the second quarter worth about $30,000. Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies in the third quarter worth about $31,000. PARK CIRCLE Co bought a new position in Estée Lauder Companies in the second quarter worth about $32,000. Kimelman & Baird LLC bought a new position in Estée Lauder Companies in the second quarter worth about $32,000. Finally, Chilton Capital Management LLC lifted its holdings in Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 6.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg acquired 77,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the purchase, the director now directly owns 234,500 shares in the company, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies Price Performance

NYSE EL opened at $69.93 on Monday. The firm has a market capitalization of $25.10 billion, a PE ratio of 124.88, a P/E/G ratio of 4.04 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The company’s 50 day simple moving average is $82.78 and its 200 day simple moving average is $98.04.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. As a group, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.59 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is 471.43%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EL. Bank of America cut their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Piper Sandler raised their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $113.00 to $74.00 in a report on Friday, November 1st. TD Cowen cut their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Evercore ISI dropped their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $98.57.

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.