The Estée Lauder Companies Inc. (NYSE:EL) Holdings Decreased by Cambridge Trust Co.

Posted by Kyle Jackson on Mar 18th, 2023

Cambridge Trust Co. decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,872 shares of the company’s stock after selling 428 shares during the quarter. Cambridge Trust Co.’s holdings in Estée Lauder Companies were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vigilant Capital Management LLC grew its holdings in shares of Estée Lauder Companies by 280.0% during the third quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after buying an additional 84 shares in the last quarter. CoreCap Advisors LLC purchased a new position in shares of Estée Lauder Companies during the second quarter valued at $33,000. BDO Wealth Advisors LLC grew its holdings in shares of Estée Lauder Companies by 450.0% during the second quarter. BDO Wealth Advisors LLC now owns 132 shares of the company’s stock valued at $34,000 after buying an additional 108 shares in 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. grew its stake in Estée Lauder Companies by 286.0% in the third quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $42,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 55.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on EL. Redburn Partners began coverage on Estée Lauder Companies in a research note on Thursday, December 15th. They issued a “sell” rating and a $210.00 target price on the stock. TD Cowen began coverage on Estée Lauder Companies in a research note on Tuesday. They issued an “outperform” rating on the stock. Oppenheimer boosted their target price on Estée Lauder Companies from $245.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, January 17th. Societe Generale upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating and set a $294.00 target price on the stock in a research note on Wednesday, March 8th. Finally, JPMorgan Chase & Co. boosted their target price on Estée Lauder Companies from $274.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday, January 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.46.

Insider Transactions at Estée Lauder Companies

In other 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 value of $2,473,239.90. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other 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 value of $2,473,239.90. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jennifer Hyman sold 5,234 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $266,880. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,511 shares of company stock valued at $8,943,120. Corporate insiders own 12.75% of the company’s stock.

Estée Lauder Companies Trading Down 1.1 %

Estée Lauder Companies stock opened at $234.56 on Friday. The business has a 50 day moving average price of $256.34 and a two-hundred day moving average price of $239.10. The company has a quick ratio of 1.11, a current ratio of 1.66 and a debt-to-equity ratio of 0.87. The stock has a market cap of $83.79 billion, a price-to-earnings ratio of 57.07, a price-to-earnings-growth ratio of 5.28 and a beta of 1.00. The Estée Lauder Companies Inc. has a 12 month low of $186.47 and a 12 month high of $289.59.

Estée Lauder Companies (NYSE:EL – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $1.54 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 return on equity of 32.65% and a net margin of 9.13%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.01 EPS. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 4.96 EPS for the current year.

Estée Lauder Companies Dividend Announcement

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

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.