Enterprise Bank & Trust Co Lowers Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Enterprise Bank & Trust Co lowered its position in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,532 shares of the company’s stock after selling 968 shares during the period. Enterprise Bank & Trust Co’s holdings in Estée Lauder Companies were worth $1,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vigilant Capital Management LLC boosted its position in Estée Lauder Companies by 280.0% during the 3rd quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after acquiring an additional 84 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Estée Lauder Companies during the 2nd quarter worth $33,000. BDO Wealth Advisors LLC grew its stake in Estée Lauder Companies by 450.0% in the second quarter. BDO Wealth Advisors LLC now owns 132 shares of the company’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Align Wealth Management LLC purchased a new position in Estée Lauder Companies in the fourth quarter valued at about $35,000. Finally, Salem Investment Counselors Inc. raised its holdings in Estée Lauder Companies by 286.0% in the third quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $42,000 after purchasing an additional 143 shares in the last quarter. 55.74% of the stock is currently owned by institutional investors.

Estée Lauder Companies Stock Performance

NYSE:EL traded down $2.67 during trading hours on Friday, reaching $234.56. The company had a trading volume of 2,149,782 shares, compared to its average volume of 1,482,459. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.66 and a quick ratio of 1.11. The Estée Lauder Companies Inc. has a 1-year low of $186.47 and a 1-year high of $289.59. The business’s 50 day moving average price is $256.34 and its 200-day moving average price is $239.10. The firm has a market cap of $83.79 billion, a PE ratio of 57.07, a price-to-earnings-growth ratio of 5.28 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL – Get Rating) last posted its earnings results on Thursday, February 2nd. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.25. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Estée Lauder Companies had a net margin of 9.13% and a return on equity of 32.65%. The business’s revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.01 EPS. Research analysts forecast that The Estée Lauder Companies Inc. will post 4.96 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, February 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 64.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EL shares. TheStreet downgraded shares of Estée Lauder Companies from a “b-” rating to a “c+” rating in a research report on Friday, March 10th. Telsey Advisory Group raised their price objective on Estée Lauder Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. StockNews.com began coverage on Estée Lauder Companies in a research report on Thursday. They set a “hold” rating on the stock. Wells Fargo & Company increased their price target on Estée Lauder Companies from $275.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Finally, Credit Suisse Group upped their price objective on shares of Estée Lauder Companies from $215.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, February 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.46.

Insider Activity

In other Estée Lauder Companies news, EVP Carl P. Haney sold 9,741 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $253.90, for a total transaction of $2,473,239.90. Following the transaction, the executive vice president now owns 4,773 shares in the company, valued at $1,211,864.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jennifer Hyman sold 5,234 shares of Estée Lauder Companies stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $266.88, for a total value of $1,396,849.92. Following the sale, the director now directly owns 1,000 shares in the company, valued at approximately $266,880. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carl P. Haney sold 9,741 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $253.90, for a total value of $2,473,239.90. Following the transaction, the executive vice president now directly owns 4,773 shares of the company’s stock, valued at approximately $1,211,864.70. The disclosure for this sale can be found here. Insiders have sold 33,511 shares of company stock worth $8,943,120 in the last ninety days. Company insiders own 12.75% of the company’s stock.

Estée Lauder Companies Company Profile

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The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.