Greenleaf Trust Lowers Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Greenleaf Trust reduced its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 42.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,164 shares of the company’s stock after selling 2,329 shares during the quarter. Greenleaf Trust’s holdings in Estée Lauder Companies were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EL. CWM LLC lifted its holdings in shares of Estée Lauder Companies by 60.3% in the 3rd quarter. CWM LLC now owns 4,013 shares of the company’s stock valued at $580,000 after buying an additional 1,509 shares during the period. IFP Advisors Inc raised its holdings in Estée Lauder Companies by 21.1% during the third quarter. IFP Advisors Inc now owns 785 shares of the company’s stock worth $113,000 after purchasing an additional 137 shares during the last quarter. 1900 Wealth Management LLC acquired a new position in Estée Lauder Companies during the third quarter worth $211,000. Founders Financial Securities LLC raised its holdings in Estée Lauder Companies by 11.9% during the third quarter. Founders Financial Securities LLC now owns 2,280 shares of the company’s stock worth $330,000 after purchasing an additional 243 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC raised its holdings in Estée Lauder Companies by 29.2% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 9,138 shares of the company’s stock worth $1,321,000 after purchasing an additional 2,064 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EL shares. Royal Bank of Canada boosted their price target on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. Wells Fargo & Company boosted their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. DA Davidson reaffirmed a “buy” rating and issued a $191.00 price objective on shares of Estée Lauder Companies in a research report on Monday. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $170.00 in a research report on Thursday, March 28th. Finally, Telsey Advisory Group boosted their price target on Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $168.00.

Estée Lauder Companies Trading Up 1.0 %

Shares of NYSE EL opened at $148.90 on Wednesday. The stock’s 50 day moving average price is $146.75 and its two-hundred day moving average price is $138.10. The Estée Lauder Companies Inc. has a 52-week low of $102.22 and a 52-week high of $255.80. The stock has a market capitalization of $53.38 billion, a P/E ratio of 114.54, a PEG ratio of 3.78 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.33. The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. Estée Lauder Companies’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 earnings per share. On average, analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 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 Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.