The Estée Lauder Companies Inc. (NYSE:EL) CEO Fabrizio Freda Sells 10,969 Shares

The Estée Lauder Companies Inc. (NYSE:EL) CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $66.31 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $23.79 billion, a PE ratio of 118.41, a P/E/G ratio of 2.36 and a beta of 1.05. The firm has a fifty day simple moving average of $88.41 and a 200 day simple moving average of $104.59. The Estée Lauder Companies Inc. has a twelve month low of $62.88 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 2 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.11%. Estée Lauder Companies’s dividend payout ratio is currently 471.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC raised its holdings in shares of Estée Lauder Companies by 6.3% during the second quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock valued at $228,000 after purchasing an additional 127 shares during the period. Canandaigua National Bank & Trust Co. boosted its holdings in Estée Lauder Companies by 2.1% in the second quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock worth $756,000 after acquiring an additional 145 shares in the last quarter. Financial Counselors Inc. grew its stake in Estée Lauder Companies by 4.2% in the first quarter. Financial Counselors Inc. now owns 3,687 shares of the company’s stock valued at $568,000 after acquiring an additional 149 shares during the period. Farther Finance Advisors LLC grew its stake in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares during the period. Finally, Horizon Bancorp Inc. IN raised its position in shares of Estée Lauder Companies by 22.3% during the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock worth $90,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. B. Riley reduced their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a report on Tuesday, October 29th. Finally, Wells Fargo & Company downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $105.00 to $72.00 in a research note on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $100.90.

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.