Chevy Chase Trust Holdings LLC Sells 2,689 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Chevy Chase Trust Holdings LLC cut its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,103 shares of the company’s stock after selling 2,689 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Estée Lauder Companies were worth $9,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Peterson Wealth Services raised its position in Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock valued at $113,000 after purchasing an additional 134 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. Blue Trust Inc. raised its position in Estée Lauder Companies by 8.7% during the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock valued at $139,000 after purchasing an additional 148 shares in the last quarter. Farther Finance Advisors LLC raised its position in Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after purchasing an additional 151 shares in the last quarter. Finally, Biltmore Family Office LLC raised its position in shares of Estée Lauder Companies by 7.8% in the 3rd quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock worth $237,000 after acquiring an additional 171 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on EL. Deutsche Bank Aktiengesellschaft reduced their price target on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Morgan Stanley reduced their price target on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. DA Davidson reissued a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday, January 31st. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.00.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Fribourg purchased 43,000 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Down 1.3 %

Shares of EL opened at $68.80 on Monday. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $24.70 billion, a price-to-earnings ratio of -35.28, a PEG ratio of 5.43 and a beta of 1.03. The stock’s 50-day moving average price is $75.85 and its 200-day moving average price is $81.82.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company’s revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.37 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. Estée Lauder Companies’s payout ratio is -71.79%.

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