Cullen Frost Bankers Inc. lessened its stake in Estee Lauder Companies Inc (NYSE:EL) by 21.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 290 shares of the company’s stock after selling 77 shares during the period. Cullen Frost Bankers Inc.’s holdings in Estee Lauder Companies were worth $53,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Comerica Securities Inc. increased its holdings in Estee Lauder Companies by 509.1% during the 4th quarter. Comerica Securities Inc. now owns 40,557 shares of the company’s stock worth $5,277,000 after purchasing an additional 33,899 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Estee Lauder Companies by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 538,219 shares of the company’s stock valued at $70,019,000 after acquiring an additional 15,664 shares in the last quarter. Carroll Financial Associates Inc. grew its stake in Estee Lauder Companies by 18.4% during the 1st quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock valued at $121,000 after acquiring an additional 114 shares in the last quarter. Strs Ohio increased its holdings in shares of Estee Lauder Companies by 0.5% in the 1st quarter. Strs Ohio now owns 121,479 shares of the company’s stock valued at $20,110,000 after purchasing an additional 660 shares during the period. Finally, Financial Gravity Wealth Inc. purchased a new stake in shares of Estee Lauder Companies in the first quarter worth approximately $50,000. Institutional investors own 54.94% of the company’s stock.
Shares of NYSE EL opened at $197.27 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.57 and a debt-to-equity ratio of 0.66. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $207.50. The company’s fifty day moving average is $191.97 and its 200-day moving average is $175.87. The stock has a market cap of $74.10 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 2.63 and a beta of 0.78.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.
EL has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Estee Lauder Companies from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Wells Fargo & Co lifted their target price on shares of Estee Lauder Companies from $175.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, August 19th. Credit Suisse Group lifted their target price on shares of Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a report on Tuesday, August 20th. Finally, Royal Bank of Canada increased their price objective on Estee Lauder Companies to $200.00 in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. Estee Lauder Companies currently has an average rating of “Buy” and a consensus target price of $188.88.
In related news, Director Rose Marie Bravo sold 4,697 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $198.83, for a total value of $933,904.51. Following the completion of the transaction, the director now directly owns 12,697 shares of the company’s stock, valued at approximately $2,524,544.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 16,140 shares of Estee Lauder Companies stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $200.15, for a total value of $3,230,421.00. Following the completion of the sale, the insider now directly owns 83,111 shares in the company, valued at approximately $16,634,666.65. The disclosure for this sale can be found here. Insiders have sold a total of 2,180,943 shares of company stock worth $428,626,737 in the last quarter. 16.13% of the stock is currently owned by company insiders.
Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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