The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Citizens & Northern Corp

Citizens & Northern Corp lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 7,045 shares of the company’s stock after selling 127 shares during the period. Citizens & Northern Corp’s holdings in Estée Lauder Companies were worth $750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wetzel Investment Advisors Inc. increased its position in shares of Estée Lauder Companies by 8.3% in the 1st quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company’s stock worth $128,000 after purchasing an additional 68 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in Estée Lauder Companies by 34.1% in the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock worth $45,000 after purchasing an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Estée Lauder Companies by 0.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock valued at $2,440,000 after buying an additional 76 shares during the last quarter. Haverford Trust Co raised its stake in Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock valued at $525,000 after buying an additional 78 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Estée Lauder Companies by 25.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock worth $62,000 after buying an additional 82 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EL. Evercore ISI lowered their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. The Goldman Sachs Group dropped their price objective on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Stifel Nicolaus decreased their target price on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Wells Fargo & Company lowered their target price on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Finally, Citigroup dropped their price target on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $122.77.

Estée Lauder Companies Stock Up 1.9 %

Estée Lauder Companies stock opened at $91.66 on Friday. The firm has a market cap of $32.88 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 1.53 and a beta of 0.99. The firm has a fifty day moving average price of $98.81 and a two-hundred day moving average price of $124.19. The Estée Lauder Companies Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $165.76. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 2.99 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.66 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 2.88%. Estée Lauder Companies’s payout ratio is 148.32%.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by insiders.

About Estée Lauder Companies

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.