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

Amalgamated Bank decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,281 shares of the company’s stock after selling 559 shares during the quarter. Amalgamated Bank’s holdings in Estée Lauder Companies were worth $3,470,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the 3rd quarter valued at $31,000. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies in the fourth quarter valued at $29,000. Deseret Mutual Benefit Administrators raised its stake in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 158 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth about $30,000. Finally, Eagle Bay Advisors LLC boosted its position in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EL shares. Piper Sandler raised their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Bank of America lowered their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group decreased their price objective on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $86.00.

Estée Lauder Companies Stock Down 1.6 %

EL stock opened at $71.83 on Friday. The stock has a market capitalization of $25.78 billion, a PE ratio of -36.83, a price-to-earnings-growth ratio of 6.09 and a beta of 1.03. The company has a fifty day moving average of $74.55 and a 200-day moving average of $80.47. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the company earned $0.88 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg bought 43,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Akhil Shrivastava purchased 700 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% 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, and powders, as well as compacts, brushes, and other makeup tools.