Nicolet Advisory Services LLC Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Nicolet Advisory Services LLC acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,262 shares of the company’s stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverview Trust Co bought a new position in shares of Estée Lauder Companies in the first quarter valued at approximately $26,000. Rakuten Securities Inc. bought a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares in the last quarter. Chilton Capital Management LLC boosted its holdings in shares of Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after acquiring an additional 163 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EL. Morgan Stanley cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $164.00 to $140.00 in a report on Friday, May 3rd. Bank of America reduced their target price on shares of Estée Lauder Companies from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Piper Sandler reduced their target price on shares of Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. UBS Group upgraded shares of Estée Lauder Companies to a “hold” rating in a report on Friday, July 12th. Finally, Telsey Advisory Group reduced their target price on shares of Estée Lauder Companies from $142.00 to $115.00 and set a “market perform” rating for the company in a report on Friday, July 12th. Sixteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $149.63.

Insider Transactions at Estée Lauder Companies

In other news, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the sale, the insider now owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the sale, the insider now owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,255 shares of company stock worth $5,453,232. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Up 2.4 %

NYSE:EL traded up $2.28 during mid-day trading on Friday, reaching $99.18. The stock had a trading volume of 3,803,114 shares, compared to its average volume of 3,019,544. The business’s 50 day moving average is $116.12 and its 200 day moving average is $132.81. The Estée Lauder Companies Inc. has a fifty-two week low of $95.87 and a fifty-two week high of $186.44. The stock has a market cap of $35.56 billion, a P/E ratio of 55.72, a PEG ratio of 1.79 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.64 annualized dividend and a dividend yield of 2.66%. Estée Lauder Companies’s payout ratio is 148.32%.

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.