The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Umpqua Bank

Umpqua Bank cut its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 16.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,496 shares of the company’s stock after selling 685 shares during the period. Umpqua Bank’s holdings in Estée Lauder Companies were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Stonebrook Private Inc. increased its stake in shares of Estée Lauder Companies by 16.0% in the second quarter. Stonebrook Private Inc. now owns 2,418 shares of the company’s stock valued at $257,000 after purchasing an additional 334 shares during the period. EFG Asset Management Americas Corp. increased its position in Estée Lauder Companies by 69.3% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 9,110 shares of the company’s stock valued at $969,000 after acquiring an additional 3,729 shares during the period. Arizona State Retirement System increased its position in Estée Lauder Companies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 67,528 shares of the company’s stock valued at $7,185,000 after acquiring an additional 864 shares during the period. 9258 Wealth Management LLC raised its stake in Estée Lauder Companies by 9.2% during the 2nd quarter. 9258 Wealth Management LLC now owns 3,621 shares of the company’s stock valued at $385,000 after acquiring an additional 304 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Estée Lauder Companies by 16.3% during the 2nd quarter. National Bank of Canada FI now owns 120,370 shares of the company’s stock worth $12,676,000 after acquiring an additional 16,894 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Stock Down 2.9 %

Shares of NYSE:EL opened at $87.50 on Friday. The firm has a 50 day simple moving average of $96.71 and a 200 day simple moving average of $122.29. The Estée Lauder Companies Inc. has a 52 week low of $86.05 and a 52 week 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 company has a market cap of $31.37 billion, a PE ratio of 49.16, a price-to-earnings-growth 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. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts expect that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.02%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.31%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EL. Piper Sandler raised Estée Lauder Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $95.00 to $114.00 in a report on Thursday, August 22nd. DA Davidson reissued a “buy” rating and set a $130.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, September 3rd. Morgan Stanley reduced their price target on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Barclays lowered their price objective on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, Wells Fargo & Company cut their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $122.77.

Insider Activity

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the 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 sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the business’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 sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

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.