FineMark National Bank & Trust Sells 4,674 Shares of Estee Lauder Companies Inc (EL)

FineMark National Bank & Trust cut its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 60.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,095 shares of the company’s stock after selling 4,674 shares during the period. FineMark National Bank & Trust’s holdings in Estee Lauder Companies were worth $512,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc increased its position in shares of Estee Lauder Companies by 0.7% during the third quarter. Vanguard Group Inc now owns 16,758,108 shares of the company’s stock worth $2,435,289,000 after acquiring an additional 117,152 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Estee Lauder Companies by 6,015.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after acquiring an additional 6,784,090 shares in the last quarter. Fundsmith LLP increased its position in shares of Estee Lauder Companies by 6.7% during the fourth quarter. Fundsmith LLP now owns 6,275,561 shares of the company’s stock worth $911,965,000 after acquiring an additional 394,564 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Estee Lauder Companies by 13.3% during the fourth quarter. Brown Advisory Inc. now owns 2,663,631 shares of the company’s stock worth $346,538,000 after acquiring an additional 311,836 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Estee Lauder Companies by 1.5% during the fourth quarter. Bank of America Corp DE now owns 2,389,492 shares of the company’s stock worth $310,874,000 after acquiring an additional 34,882 shares in the last quarter. 53.06% of the stock is owned by institutional investors.

Shares of EL stock opened at $167.62 on Monday. Estee Lauder Companies Inc has a 52-week low of $121.47 and a 52-week high of $180.20. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $60.66 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 2.48 and a beta of 0.72.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.25. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 earnings per share. On average, equities analysts expect that Estee Lauder Companies Inc will post 5.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, May 30th. Estee Lauder Companies’s payout ratio is 38.14%.

Several equities research analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Estee Lauder Companies from $164.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Citigroup boosted their target price on shares of Estee Lauder Companies from $179.00 to $188.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus boosted their target price on shares of Estee Lauder Companies from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Argus boosted their target price on shares of Estee Lauder Companies to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Piper Jaffray Companies upped their price objective on shares of Estee Lauder Companies from $161.00 to $178.00 and gave the stock a “positive” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $170.78.

In other Estee Lauder Companies news, Director Lynn Forester sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $172.48, for a total value of $1,724,800.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at $2,414,720. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lal Family Partners Lp sold 235,000 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $157.87, for a total transaction of $37,099,450.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,356,644 shares of company stock worth $555,878,019. Corporate insiders own 16.13% of the company’s stock.

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Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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