Zinterhofer Aerin Lauder Trust Sells 170,000 Shares of The Estée Lauder Companies Inc. (NYSE:EL) Stock

The Estée Lauder Companies Inc. (NYSE:EL) major shareholder Zinterhofer Aerin Lauder Trust sold 170,000 shares of the stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $301.46, for a total value of $51,248,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of EL stock opened at $298.28 on Friday. The company has a 50-day moving average price of $302.53. The company has a quick ratio of 1.71, a current ratio of 2.12 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $108.13 billion, a price-to-earnings ratio of 79.54, a PEG ratio of 4.60 and a beta of 0.95. The Estée Lauder Companies Inc. has a fifty-two week low of $183.22 and a fifty-two week high of $318.34.

The Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Sunday, May 2nd. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.30. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.90 billion. The Estée Lauder Companies had a return on equity of 39.04% and a net margin of 9.45%. The company’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 6.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, May 28th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 27th. The Estée Lauder Companies’s dividend payout ratio is presently 51.46%.

EL has been the subject of a number of analyst reports. Evercore ISI upped their price objective on The Estée Lauder Companies from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of The Estée Lauder Companies in a research note on Wednesday. DA Davidson upped their price objective on The Estée Lauder Companies from $348.00 to $367.00 and gave the stock a “buy” rating in a research note on Tuesday, May 4th. Telsey Advisory Group upped their price objective on The Estée Lauder Companies from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. Finally, Stifel Nicolaus upped their price objective on The Estée Lauder Companies from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, April 27th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The Estée Lauder Companies presently has a consensus rating of “Buy” and an average price target of $308.00.

Several hedge funds have recently made changes to their positions in EL. Norges Bank acquired a new stake in The Estée Lauder Companies during the fourth quarter worth about $616,628,000. Jennison Associates LLC grew its holdings in The Estée Lauder Companies by 32.9% during the fourth quarter. Jennison Associates LLC now owns 6,171,560 shares of the company’s stock worth $1,642,808,000 after acquiring an additional 1,528,409 shares during the period. Third Point LLC grew its holdings in The Estée Lauder Companies by 382.5% during the first quarter. Third Point LLC now owns 965,000 shares of the company’s stock worth $280,670,000 after acquiring an additional 765,000 shares during the period. Lord Abbett & CO. LLC grew its holdings in The Estée Lauder Companies by 326.8% during the first quarter. Lord Abbett & CO. LLC now owns 898,315 shares of the company’s stock worth $261,275,000 after acquiring an additional 687,818 shares during the period. Finally, Amundi Asset Management US Inc. grew its holdings in The Estée Lauder Companies by 117.7% during the first quarter. Amundi Asset Management US Inc. now owns 1,153,072 shares of the company’s stock worth $335,369,000 after acquiring an additional 623,469 shares during the period. 55.73% of the stock is currently owned by institutional investors and hedge funds.

About The Estée 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, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

See Also: What is the Book Value of a Share?

Insider Buying and Selling by Quarter for The Estée Lauder Companies (NYSE:EL)

Receive News & Ratings for The Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.