Umpqua Bank Sells 685 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Umpqua Bank reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 16.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,496 shares of the company’s stock after selling 685 shares during the period. Umpqua Bank’s holdings in Estée Lauder Companies were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies in the first quarter worth $26,000. Hexagon Capital Partners LLC raised its holdings in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the period. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the 2nd quarter worth $30,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies during the second quarter valued at about $32,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies in the first quarter valued at about $35,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $131.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. DA Davidson reiterated a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a report on Tuesday, September 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $115.00 price objective on shares of Estée Lauder Companies in a research note on Monday, August 19th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Finally, Citigroup reduced their price target on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.77.

Estée Lauder Companies Stock Performance

Shares of NYSE:EL opened at $87.50 on Friday. The stock has a market capitalization of $31.37 billion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The business’s fifty day moving average price is $96.71 and its two-hundred day moving average price is $122.29. The Estée Lauder Companies Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $159.75. 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 earnings results 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 for the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. As a group, analysts predict that The Estée Lauder Companies Inc. will post 2.99 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies’s payout ratio is currently 148.31%.

Insider Transactions at Estée Lauder Companies

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

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.