Atlantic Union Bankshares Corp Has $677,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

Atlantic Union Bankshares Corp reduced its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,023 shares of the company’s stock after selling 842 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Estée Lauder Companies were worth $677,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Centre Asset Management LLC acquired a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $8,585,000. Franklin Resources Inc. grew its position in shares of Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock valued at $13,392,000 after purchasing an additional 45,687 shares during the last quarter. Harrell Investment Partners LLC grew its position in Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock worth $771,000 after buying an additional 3,524 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares in the last quarter. Finally, Paloma Partners Management Co grew its position in Estée Lauder Companies by 729.4% during the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock worth $4,735,000 after buying an additional 41,773 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. DA Davidson reissued a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. UBS Group lifted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Barclays decreased their target price on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $86.00.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $73.32 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The firm has a market cap of $26.32 billion, a P/E ratio of -37.60, a P/E/G ratio of 6.09 and a beta of 1.08. The firm has a 50 day simple moving average of $74.16 and a 200 day simple moving average of $79.61. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. Sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

About Estée Lauder Companies

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, and powders, as well as compacts, brushes, and other makeup tools.