The Estée Lauder Companies Inc. (NYSE:EL) Stake Cut by Cambridge Trust Co.

Cambridge Trust Co. lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 33.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,075 shares of the company’s stock after selling 1,051 shares during the period. Cambridge Trust Co.’s holdings in Estée Lauder Companies were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EL. Vanguard Group Inc. increased its position in shares of Estée Lauder Companies by 6.4% during the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Estée Lauder Companies by 13.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,151,580 shares of the company’s stock valued at $607,169,000 after purchasing an additional 496,308 shares during the last quarter. Norges Bank bought a new stake in Estée Lauder Companies during the fourth quarter worth about $518,975,000. Clearbridge Investments LLC boosted its holdings in shares of Estée Lauder Companies by 4.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock valued at $487,612,000 after acquiring an additional 140,416 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Estée Lauder Companies by 18.2% during the first quarter. Van ECK Associates Corp now owns 2,644,728 shares of the company’s stock valued at $407,685,000 after purchasing an additional 406,753 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Down 1.7 %

Shares of Estée Lauder Companies stock traded down $1.62 on Friday, hitting $95.50. The stock had a trading volume of 2,596,078 shares, compared to its average volume of 2,930,829. The stock’s 50-day simple moving average is $109.50 and its two-hundred day simple moving average is $130.19. The Estée Lauder Companies Inc. has a one year low of $93.52 and a one year high of $175.31. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The stock has a market cap of $34.24 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 1.79 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.21 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EL. The Goldman Sachs Group reduced their target price on shares of Estée Lauder Companies from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Citigroup reduced their target price on Estée Lauder Companies from $175.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Piper Sandler cut their price objective on shares of Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Finally, 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 report on Friday, July 19th. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus target price of $147.87.

Insider Buying and Selling at Estée Lauder Companies

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the sale, the chief financial officer now directly owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies stock in a transaction on 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 sale, the insider now directly owns 5,578 shares of the company’s stock, valued at approximately $728,598.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was 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 of the company’s stock, valued at approximately $6,412,971.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,255 shares of company stock worth $5,453,232. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Company 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.