Pinnacle Wealth Planning Services Inc. Boosts Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Pinnacle Wealth Planning Services Inc. boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,767 shares of the company’s stock after buying an additional 168 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Estée Lauder Companies were worth $272,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in Estée Lauder Companies during the 4th quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in Estée Lauder Companies during the 1st quarter worth approximately $26,000. Hexagon Capital Partners LLC increased its stake in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC increased its stake in Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Up 2.4 %

Shares of NYSE:EL traded up $2.28 during midday trading on Friday, hitting $99.18. 3,803,114 shares of the company’s stock traded hands, compared to its average volume of 3,019,544. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The company has a market cap of $35.56 billion, a PE ratio of 55.72, a P/E/G ratio of 1.79 and a beta of 0.99. The firm’s fifty day moving average price is $116.12 and its two-hundred day moving average price is $132.81. The Estée Lauder Companies Inc. has a twelve month low of $95.87 and a twelve month high of $186.44.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. On average, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.21 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.66 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.66%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EL shares. Citigroup dropped their price target on Estée Lauder Companies from $175.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company dropped their price target on Estée Lauder Companies from $163.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Bernstein Bank upped their price target on Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Barclays reduced their price objective on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Telsey Advisory Group dropped their target price on Estée Lauder Companies from $142.00 to $115.00 and set a “market perform” rating on the stock in a report on Friday, July 12th. Sixteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $149.63.

Insider Activity

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the sale, the chief financial officer now owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the transaction, the chief financial officer now owns 47,248 shares in the company, valued at approximately $6,412,971.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the transaction, the insider now owns 5,578 shares of the company’s stock, valued at approximately $728,598.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,255 shares of company stock worth $5,453,232. 12.77% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.