US Bancorp DE Sells 23,365 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

US Bancorp DE trimmed its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 28.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,595 shares of the company’s stock after selling 23,365 shares during the period. US Bancorp DE’s holdings in Estée Lauder Companies were worth $4,468,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in Estée Lauder Companies in the fourth quarter valued at $29,000. Deseret Mutual Benefit Administrators boosted its stake in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares in the last quarter. Eagle Bay Advisors LLC boosted its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies in the fourth quarter worth $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies in the third quarter worth $31,000. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Trading Up 5.6 %

NYSE:EL opened at $71.91 on Thursday. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.54. The business’s 50-day moving average price is $74.25 and its two-hundred day moving average price is $79.89. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $25.81 billion, a price-to-earnings ratio of -36.87, a PEG ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -71.79%.

Wall Street Analyst Weigh In

A number of research firms have commented on EL. JPMorgan Chase & Co. boosted their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Piper Sandler boosted their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Stifel Nicolaus reduced their price objective on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, CICC Research started coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 price target on the stock. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $86.00.

Insiders Place Their Bets

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

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