Whittier Trust Co. of Nevada Inc. Decreases Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Whittier Trust Co. of Nevada Inc. trimmed its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 20.3% during the fourth quarter, HoldingsChannel reports. The firm owned 2,018 shares of the company’s stock after selling 514 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Estée Lauder Companies were worth $151,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies in the 4th quarter worth approximately $29,000. Deseret Mutual Benefit Administrators increased its holdings in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after buying an additional 158 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies during the 4th quarter worth approximately $30,000. Eagle Bay Advisors LLC increased its holdings in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after buying an additional 141 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $67.04 on Monday. The stock has a market cap of $24.07 billion, a P/E ratio of -34.38, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The company has a fifty day simple moving average of $72.97 and a 200-day simple moving average of $77.81. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $155.73. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the company earned $0.88 earnings per share. Estée Lauder Companies’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Wall Street Analyst Weigh In

EL has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 25th. CICC Research initiated coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 target price for the company. Canaccord Genuity Group dropped their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $86.00.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 43,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the purchase, the director now owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Akhil Shrivastava acquired 700 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.

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.