Chevy Chase Trust Holdings LLC Lowers Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Chevy Chase Trust Holdings LLC cut its position in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 559,947 shares of the company’s stock after selling 14,440 shares during the period. Chevy Chase Trust Holdings LLC owned 0.16% of Estée Lauder Companies worth $120,894,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EL. Jennison Associates LLC lifted its holdings in Estée Lauder Companies by 3.3% during the second quarter. Jennison Associates LLC now owns 6,583,205 shares of the company’s stock valued at $1,676,545,000 after purchasing an additional 212,961 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Estée Lauder Companies by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,493,915 shares of the company’s stock valued at $889,795,000 after purchasing an additional 80,313 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Estée Lauder Companies by 12.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,939,702 shares of the company’s stock worth $748,654,000 after buying an additional 316,211 shares in the last quarter. Alecta Tjanstepension Omsesidigt lifted its stake in shares of Estée Lauder Companies by 32.6% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 2,583,300 shares of the company’s stock worth $558,587,000 after buying an additional 635,000 shares in the last quarter. Finally, Amundi lifted its stake in shares of Estée Lauder Companies by 12.7% in the second quarter. Amundi now owns 1,702,269 shares of the company’s stock worth $415,321,000 after buying an additional 191,879 shares in the last quarter. 55.74% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Price Performance

NYSE EL opened at $277.16 on Wednesday. The stock’s 50-day moving average price is $245.09 and its two-hundred day moving average price is $241.69. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.93. The company has a market cap of $98.89 billion, a PE ratio of 46.27, a PEG ratio of 5.28 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.

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

Estée Lauder Companies Increases Dividend

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

Analysts Set New Price Targets

EL has been the topic of several research reports. DA Davidson decreased their price target on shares of Estée Lauder Companies from $318.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Morgan Stanley lifted their price target on shares of Estée Lauder Companies from $271.00 to $281.00 and gave the company an “overweight” rating in a research report on Tuesday, January 17th. Redburn Partners started coverage on shares of Estée Lauder Companies in a research note on Thursday, December 15th. They issued a “sell” rating and a $210.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Estée Lauder Companies from $255.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Telsey Advisory Group decreased their price target on shares of Estée Lauder Companies from $377.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. One equities 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 given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $269.48.

Insider Activity at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 11,705 shares of the stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $270.00, for a total value of $3,160,350.00. Following the completion of the sale, the chief executive officer now directly owns 125,762 shares of the company’s stock, valued at $33,955,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.75% of the stock is currently owned by company insiders.

Estée Lauder Companies Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.