Farmers Trust Co. cut its position in Estee Lauder Companies Inc. (NYSE:EL) by 10.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 60,609 shares of the company’s stock after selling 6,898 shares during the period. Estee Lauder Companies accounts for about 1.8% of Farmers Trust Co.’s holdings, making the stock its 19th largest position. Farmers Trust Co.’s holdings in Estee Lauder Companies were worth $5,367,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. National Pension Service raised its position in Estee Lauder Companies by 8.2% in the third quarter. National Pension Service now owns 171,338 shares of the company’s stock worth $15,174,000 after buying an additional 13,017 shares during the period. Stock Yards Bank & Trust Co. raised its position in Estee Lauder Companies by 810.9% in the third quarter. Stock Yards Bank & Trust Co. now owns 66,786 shares of the company’s stock worth $5,914,000 after buying an additional 59,454 shares during the period. MSI Financial Services Inc raised its position in Estee Lauder Companies by 14.0% in the third quarter. MSI Financial Services Inc now owns 4,186 shares of the company’s stock worth $371,000 after buying an additional 513 shares during the period. Capstone Asset Management Co. raised its position in Estee Lauder Companies by 6.3% in the third quarter. Capstone Asset Management Co. now owns 29,894 shares of the company’s stock worth $2,647,000 after buying an additional 1,760 shares during the period. Finally, Atria Investments LLC raised its position in Estee Lauder Companies by 7.7% in the third quarter. Atria Investments LLC now owns 3,048 shares of the company’s stock worth $270,000 after buying an additional 218 shares during the period. Institutional investors and hedge funds own 54.20% of the company’s stock.

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

Shares of Estee Lauder Companies Inc. (NYSE:EL) traded down 1.16% during trading on Wednesday, reaching $77.70. 2,533,434 shares of the company traded hands. The company has a market capitalization of $28.47 billion, a P/E ratio of 26.53 and a beta of 0.87. Estee Lauder Companies Inc. has a 52 week low of $76.65 and a 52 week high of $97.48. The company’s 50-day moving average price is $82.71 and its 200-day moving average price is $89.05.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm posted $0.82 EPS. Estee Lauder Companies’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts forecast that Estee Lauder Companies Inc. will post $3.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.36 annualized dividend and a yield of 1.75%. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.30. Estee Lauder Companies’s dividend payout ratio is currently 46.26%.

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EL has been the topic of a number of recent research reports. Vetr raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $94.06 price objective on the stock in a research note on Tuesday, August 30th. B. Riley reaffirmed a “neutral” rating and issued a $92.00 price objective on shares of Estee Lauder Companies in a research note on Monday, November 7th. Zacks Investment Research raised shares of Estee Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. reissued a “buy” rating and set a $110.00 price target on shares of Estee Lauder Companies in a research report on Friday, September 16th. Finally, Argus lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $100.03.

In other Estee Lauder Companies news, Chairman Ronald S. Lauder sold 500,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $88.91, for a total transaction of $44,455,000.00. Following the transaction, the chairman now owns 608,500 shares in the company, valued at approximately $54,101,735. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ronald S. Foundation Lauder sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $88.32, for a total transaction of $1,766,400.00. Following the completion of the transaction, the insider now owns 86,971 shares in the company, valued at approximately $7,681,278.72. The disclosure for this sale can be found here. Company insiders own 16.98% of the company’s stock.

About Estee Lauder Companies

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

5 Day Chart for NYSE:EL

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