The Estée Lauder Companies Inc. (NYSE:EL) CEO Fabrizio Freda Sells 11,705 Shares

The Estée Lauder Companies Inc. (NYSE:ELGet Rating) CEO Fabrizio Freda sold 11,705 shares of the company’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $270.00, for a total transaction of $3,160,350.00. Following the transaction, the chief executive officer now owns 125,762 shares of the company’s stock, valued at approximately $33,955,740. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Estée Lauder Companies Trading Up 0.8 %

Shares of EL stock traded up $2.24 during trading hours on Tuesday, hitting $276.73. 446,012 shares of the company were exchanged, compared to its average volume of 1,351,887. The firm has a market cap of $98.74 billion, a PE ratio of 45.82, a PEG ratio of 5.15 and a beta of 0.95. The Estée Lauder Companies Inc. has a 1 year low of $186.47 and a 1 year high of $324.70. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average of $244.09 and a 200 day moving average of $241.51.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. Analysts expect that The Estée Lauder Companies Inc. will post 5.4 earnings per share for the current year.

Estée Lauder Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were issued a $0.66 dividend. This is a positive change from Estée Lauder Companies’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $2.64 annualized dividend and a yield of 0.95%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 44.07%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EL shares. TheStreet raised shares of Estée Lauder Companies from a “c+” rating to a “b-” rating in a research note on Friday. Canaccord Genuity Group started coverage on shares of Estée Lauder Companies in a research note on Thursday, November 17th. They set a “hold” rating and a $228.00 price target on the stock. Morgan Stanley upped their price target on shares of Estée Lauder Companies from $271.00 to $281.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 17th. Telsey Advisory Group lowered their price target on shares of Estée Lauder Companies from $377.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Finally, Piper Sandler upped their price target on shares of Estée Lauder Companies from $255.00 to $290.00 in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Moderate Buy” and an average target price of $269.48.

Institutional Trading of Estée Lauder Companies

Large investors have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Estée Lauder Companies by 24.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 855,780 shares of the company’s stock worth $212,328,000 after buying an additional 166,643 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Estée Lauder Companies by 48.0% during the fourth quarter. Park Avenue Securities LLC now owns 3,312 shares of the company’s stock worth $822,000 after buying an additional 1,074 shares in the last quarter. Xponance Inc. boosted its holdings in Estée Lauder Companies by 11.6% in the fourth quarter. Xponance Inc. now owns 49,959 shares of the company’s stock worth $12,395,000 after purchasing an additional 5,205 shares during the period. Landmark Financial Advisors LLC acquired a new position in Estée Lauder Companies in the fourth quarter worth $209,000. Finally, Meridian Wealth Advisors LLC boosted its holdings in Estée Lauder Companies by 20.5% in the fourth quarter. Meridian Wealth Advisors LLC now owns 11,285 shares of the company’s stock worth $2,800,000 after purchasing an additional 1,916 shares during the period. Institutional investors and hedge funds own 55.74% of the company’s stock.

About Estée Lauder Companies

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

Further Reading

Insider Buying and Selling by Quarter for Estée Lauder Companies (NYSE:EL)

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