Enterprise Bank & Trust Co Reduces Position in The Estée Lauder Companies Inc. (NYSE:EL)

Enterprise Bank & Trust Co decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,532 shares of the company’s stock after selling 968 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Estée Lauder Companies were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EL. UMB Bank n.a. grew its holdings in shares of Estée Lauder Companies by 1.3% during the 4th quarter. UMB Bank n.a. now owns 3,365 shares of the company’s stock valued at $835,000 after purchasing an additional 43 shares during the last quarter. RFG Advisory LLC boosted its position in Estée Lauder Companies by 5.6% during the second quarter. RFG Advisory LLC now owns 834 shares of the company’s stock valued at $226,000 after buying an additional 44 shares during the period. Stock Yards Bank & Trust Co. grew its stake in shares of Estée Lauder Companies by 0.4% during the second quarter. Stock Yards Bank & Trust Co. now owns 11,723 shares of the company’s stock valued at $2,986,000 after buying an additional 44 shares during the last quarter. Arbor Capital Management Inc. ADV increased its holdings in shares of Estée Lauder Companies by 1.2% in the third quarter. Arbor Capital Management Inc. ADV now owns 3,824 shares of the company’s stock worth $861,000 after buying an additional 45 shares during the period. Finally, Connolly Sarah T. boosted its holdings in Estée Lauder Companies by 0.7% during the 2nd quarter. Connolly Sarah T. now owns 7,017 shares of the company’s stock valued at $1,787,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 55.74% of the company’s stock.

Insider Buying and Selling

In other news, CEO Fabrizio Freda sold 11,705 shares of the 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 directly owns 125,762 shares of the company’s stock, valued at approximately $33,955,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Estée Lauder Companies news, CEO Fabrizio Freda sold 11,705 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 125,762 shares in the company, valued at approximately $33,955,740. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jennifer Hyman sold 5,234 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $266.88, for a total transaction of $1,396,849.92. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $266,880. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,511 shares of company stock worth $8,943,120. 12.75% of the stock is owned by insiders.

Estée Lauder Companies Stock Down 1.1 %

Shares of EL traded down $2.67 on Friday, hitting $234.56. 2,149,782 shares of the stock traded hands, compared to its average volume of 1,482,459. The company has a market capitalization of $83.79 billion, a PE ratio of 57.07, a P/E/G ratio of 5.28 and a beta of 1.00. The Estée Lauder Companies Inc. has a one year low of $186.47 and a one year high of $289.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.11 and a current ratio of 1.66. The business has a 50 day simple moving average of $256.34 and a 200 day simple moving average of $239.10.

Estée Lauder Companies (NYSE:EL – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.29 by $0.25. The company had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Estée Lauder Companies had a return on equity of 32.65% and a net margin of 9.13%. Estée Lauder Companies’s revenue was down 16.6% compared to the same quarter last year. During the same period last year, the firm posted $3.01 earnings per share. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 4.96 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, February 27th. Estée Lauder Companies’s dividend payout ratio is currently 64.23%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Redburn Partners assumed coverage on Estée Lauder Companies in a research report on Thursday, December 15th. They issued a “sell” rating and a $210.00 price objective for the company. Societe Generale raised shares of Estée Lauder Companies from a “hold” rating to a “buy” rating and set a $294.00 price target on the stock in a report on Wednesday, March 8th. DA Davidson restated a “buy” rating and issued a $308.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 14th. Credit Suisse Group raised their target price on Estée Lauder Companies from $215.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Estée Lauder Companies from $290.00 to $300.00 in a research report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Moderate Buy” and an average price target of $280.46.

Estée Lauder Companies Profile

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The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.