Peoples Bank KS Reduces Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Peoples Bank KS trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,085 shares of the company’s stock after selling 175 shares during the quarter. Peoples Bank KS’s holdings in Estée Lauder Companies were worth $81,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. TD Asset Management Inc boosted its holdings in shares of Estée Lauder Companies by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 103,134 shares of the company’s stock worth $10,973,000 after purchasing an additional 2,118 shares during the period. Acadian Asset Management LLC bought a new position in Estée Lauder Companies during the second quarter valued at $1,827,000. Wedbush Securities Inc. increased its position in Estée Lauder Companies by 78.7% during the second quarter. Wedbush Securities Inc. now owns 3,009 shares of the company’s stock valued at $320,000 after acquiring an additional 1,325 shares during the last quarter. Choreo LLC purchased a new stake in shares of Estée Lauder Companies in the second quarter valued at $656,000. Finally, LGT Group Foundation lifted its holdings in shares of Estée Lauder Companies by 82.5% in the 2nd quarter. LGT Group Foundation now owns 37,799 shares of the company’s stock worth $4,022,000 after acquiring an additional 17,087 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the transaction, the director now owns 234,500 shares in the company, valued at $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on EL. Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley decreased their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Piper Sandler boosted their target price on shares of Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Monday. Canaccord Genuity Group reduced their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Bank of America lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $96.50.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $74.11 on Wednesday. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The company has a market capitalization of $26.60 billion, a PE ratio of 132.34, a P/E/G ratio of 5.33 and a beta of 1.02. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The company has a 50-day simple moving average of $72.72 and a two-hundred day simple moving average of $87.30.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. Research analysts expect that The Estée Lauder Companies Inc. will post 1.46 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.89%. Estée Lauder Companies’s payout ratio is 250.00%.

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.