The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI trimmed its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 13.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,766 shares of the company’s stock after selling 6,015 shares during the period. Arcadia Investment Management Corp MI’s holdings in Estée Lauder Companies were worth $4,018,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Arizona State Retirement System increased its position in shares of Estée Lauder Companies by 1.3% during the second quarter. Arizona State Retirement System now owns 67,528 shares of the company’s stock worth $7,185,000 after acquiring an additional 864 shares during the period. 9258 Wealth Management LLC increased its position in shares of Estée Lauder Companies by 9.2% during the second quarter. 9258 Wealth Management LLC now owns 3,621 shares of the company’s stock worth $385,000 after acquiring an additional 304 shares during the period. National Bank of Canada FI increased its position in shares of Estée Lauder Companies by 16.3% during the second quarter. National Bank of Canada FI now owns 120,370 shares of the company’s stock worth $12,676,000 after acquiring an additional 16,894 shares during the period. Meridian Wealth Advisors LLC increased its position in shares of Estée Lauder Companies by 3.4% during the second quarter. Meridian Wealth Advisors LLC now owns 14,415 shares of the company’s stock worth $1,534,000 after acquiring an additional 472 shares during the period. Finally, TD Asset Management Inc increased its holdings in Estée Lauder Companies by 2.1% in the second quarter. TD Asset Management Inc now owns 103,134 shares of the company’s stock valued at $10,973,000 after buying an additional 2,118 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a report on Monday, August 19th. Barclays dropped their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Evercore ISI dropped their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. The Goldman Sachs Group dropped their target price on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Finally, Stifel Nicolaus dropped their target price on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $122.77.

Estée Lauder Companies Stock Performance

Shares of NYSE EL traded down $1.09 during midday trading on Friday, reaching $88.98. 372,872 shares of the company were exchanged, compared to its average volume of 3,067,434. The Estée Lauder Companies Inc. has a 1 year low of $86.05 and a 1 year high of $159.75. The stock has a fifty day simple moving average of $97.09 and a 200 day simple moving average of $122.86. The stock has a market cap of $31.91 billion, a P/E ratio of 50.63, a PEG ratio of 1.53 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts forecast that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

About Estée Lauder Companies

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.