SVB Wealth LLC Has $1.27 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

SVB Wealth LLC cut its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 23.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,241 shares of the company’s stock after selling 2,569 shares during the period. SVB Wealth LLC’s holdings in Estée Lauder Companies were worth $1,270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EL. London & Capital Asset Management Ltd lifted its position in Estée Lauder Companies by 16.5% during the first quarter. London & Capital Asset Management Ltd now owns 72,478 shares of the company’s stock worth $11,172,000 after purchasing an additional 10,275 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Estée Lauder Companies by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 367,218 shares of the company’s stock valued at $56,608,000 after acquiring an additional 5,915 shares during the last quarter. BOKF NA raised its position in Estée Lauder Companies by 828.4% during the first quarter. BOKF NA now owns 17,491 shares of the company’s stock valued at $2,659,000 after purchasing an additional 15,607 shares in the last quarter. Quadrature Capital Ltd lifted its stake in Estée Lauder Companies by 86.2% during the first quarter. Quadrature Capital Ltd now owns 158,636 shares of the company’s stock worth $24,444,000 after purchasing an additional 73,417 shares during the last quarter. Finally, Cloverfields Capital Group LP lifted its stake in Estée Lauder Companies by 1.3% during the first quarter. Cloverfields Capital Group LP now owns 15,291 shares of the company’s stock worth $2,357,000 after purchasing an additional 191 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the sale, the chief financial officer now directly owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the transaction, the executive vice president now owns 57,389 shares in the company, valued at $6,958,990.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Tracey Thomas Travis sold 14,493 shares of Estée Lauder Companies stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the transaction, the chief financial officer now owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,255 shares of company stock valued at $5,453,232. Corporate insiders own 12.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group raised Estée Lauder Companies to a “hold” rating in a report on Friday, July 12th. Citigroup decreased their price target on shares of Estée Lauder Companies from $175.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. Finally, Barclays dropped their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Fifteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $147.87.

Estée Lauder Companies Trading Down 2.3 %

Shares of Estée Lauder Companies stock traded down $2.29 on Tuesday, hitting $98.44. 555,740 shares of the company’s stock traded hands, compared to its average volume of 2,810,940. The company has a fifty day moving average of $111.98 and a two-hundred day moving average of $131.17. The Estée Lauder Companies Inc. has a one year low of $95.87 and a one year high of $183.20. The company has a market capitalization of $35.30 billion, a price-to-earnings ratio of 55.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Friday, May 31st. Estée Lauder Companies’s payout ratio is 148.32%.

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.