The holdings of Estée Lauder Companies Inc. (NYSE:EL) was downgraded by First Horizon Advisors Inc.

VaselineAugust 21, 2024

0 4 minutes read

First Horizon Advisors Inc. reduced its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL – Free Report) by 43.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. . The fund owned 900 shares of the company’s stock after selling 701 shares during the period. Holdings of First Horizon Advisors Inc. in Estée Lauder Companies were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Trust Co purchased a new position in Estée Lauder Companies in the first quarter worth $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the period. Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies in the first quarter valued at approximately $35,000. ICA Group Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC increased its position in Estée Lauder Companies by 3,262.5% in the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares in the last quarter. 55.15% of the shares are currently owned by institutional investors and hedge funds.

Analyst upgrades and downgrades

A number of analysts recently weighed in on EL shares. UBS Group cut their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday. 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. Wells Fargo & Company reduced their price target on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $131.00 target price on shares of Estée Lauder Companies in a report on Tuesday. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus price target of $124.13, according to MarketBeat.

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Check out our latest Estée Lauder Companies report

Insider Trading at Estée Lauder Companies

In related news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. 12.77% of shares are owned by company insiders.

Estée Lauder Companies rose 0.3%

Shares of Estée Lauder Companies stock opened at $91.20 on Wednesday. The company’s fifty day moving average price is $102.14 and its two hundred day moving average price is $126.98. The firm has a market cap of $32.70 billion, a PE ratio of 51.11, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. Estée Lauder Companies Inc. it has a 52-week low of $86.05 and a 52-week high of $165.76. 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 – Get Free Report ) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $0.07 per share. On average, analysts expect The Estée Lauder Companies Inc. to post 2.21 EPS for the current year.

The Estée Lauder Companies announce dividends

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.66 dividend. This represents a dividend of $2.64 on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Friday, August 30. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

About the Estée Lauder Companies

(Free Report)

Estée Lauder Companies Inc manufactures, markets and sells skin care, makeup, fragrance and hair care products worldwide. Offers skin care products including moisturizers, serums, cleansers, toners, body care, exfoliation, acne care and oil correctors, face 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.