Estee Lauder Companies Inc (NYSE:EL) CFO Sells $2,830,151.10 in Stock
Estee Lauder Companies Inc (NYSE:EL) CFO Tracey Thomas Travis sold 15,058 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $187.95, for a total value of $2,830,151.10.
Tracey Thomas Travis also recently made the following trade(s):
- On Wednesday, September 4th, Tracey Thomas Travis sold 45,755 shares of Estee Lauder Companies stock. The stock was sold at an average price of $200.11, for a total value of $9,156,033.05.
- On Friday, August 30th, Tracey Thomas Travis sold 20,245 shares of Estee Lauder Companies stock. The stock was sold at an average price of $200.07, for a total value of $4,050,417.15.
NYSE EL traded up $0.69 during trading hours on Tuesday, hitting $187.95. The company had a trading volume of 1,025,953 shares, compared to its average volume of 1,697,857. Estee Lauder Companies Inc has a 52 week low of $121.47 and a 52 week high of $207.50. The firm has a 50 day simple moving average of $190.55 and a 200 day simple moving average of $184.46. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.53. The firm has a market capitalization of $67.38 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.48 and a beta of 0.76.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.92 annualized dividend and a yield of 1.02%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.43. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 32.21%.
A number of hedge funds and other institutional investors have recently modified their holdings of EL. Bath Savings Trust Co grew its holdings in Estee Lauder Companies by 4.8% during the 2nd quarter. Bath Savings Trust Co now owns 38,291 shares of the company’s stock worth $7,012,000 after acquiring an additional 1,757 shares during the last quarter. Dorsey Wright & Associates bought a new stake in Estee Lauder Companies during the 2nd quarter worth about $7,490,000. Carroll Financial Associates Inc. grew its holdings in Estee Lauder Companies by 10.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 814 shares of the company’s stock worth $149,000 after acquiring an additional 79 shares during the last quarter. EFG Asset Management Americas Corp. grew its holdings in Estee Lauder Companies by 3.9% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 20,486 shares of the company’s stock worth $3,751,000 after acquiring an additional 761 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in Estee Lauder Companies by 16.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 429 shares of the company’s stock worth $79,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.
Several research analysts have recently weighed in on EL shares. UBS Group cut their price target on Estee Lauder Companies from $205.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research note on Tuesday, August 20th. Berenberg Bank started coverage on Estee Lauder Companies in a research note on Wednesday, October 16th. They set a “buy” rating and a $230.00 price target for the company. Edward Jones downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus increased their price target on Estee Lauder Companies from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $194.96.
About Estee Lauder Companies
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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