UNIVEST FINANCIAL Corp Sells 288 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

UNIVEST FINANCIAL Corp lessened its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,061 shares of the company’s stock after selling 288 shares during the period. Estée Lauder Companies makes up about 1.2% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 26th largest holding. UNIVEST FINANCIAL Corp’s holdings in Estée Lauder Companies were worth $4,262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EL. Riverview Trust Co acquired a new stake in Estée Lauder Companies during the 1st quarter worth about $26,000. Hexagon Capital Partners LLC lifted its stake in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the period. Rothschild Investment LLC acquired a new position in shares of Estée Lauder Companies in the 2nd quarter valued at about $30,000. PARK CIRCLE Co acquired a new position in shares of Estée Lauder Companies in the 2nd quarter valued at about $32,000. Finally, Crewe Advisors LLC acquired a new position in shares of Estée Lauder Companies in the 1st quarter valued at about $35,000. Institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EL. Wells Fargo & Company dropped their price objective on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. JPMorgan Chase & Co. dropped their price target on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $130.00 target price on shares of Estée Lauder Companies in a research report on Tuesday. StockNews.com upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Finally, The Goldman Sachs Group dropped their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price of $122.77.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $87.49 on Friday. The business’s 50-day moving average price is $96.71 and its two-hundred day moving average price is $122.45. The Estée Lauder Companies Inc. has a twelve month low of $86.05 and a twelve month high of $159.75. The stock has a market cap of $31.37 billion, a P/E ratio of 49.15, a PEG ratio of 1.53 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 1.39 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. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. Estée Lauder Companies’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 2.99 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.02%. Estée Lauder Companies’s payout ratio is 148.31%.

Insider Buying and Selling

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

Estée Lauder Companies 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.