Atlantic Union Bankshares Corp Decreases Position in The Estée Lauder Companies Inc. (NYSE:EL)

Atlantic Union Bankshares Corp trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 5.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,263 shares of the company’s stock after selling 581 shares during the period. Atlantic Union Bankshares Corp’s holdings in Estée Lauder Companies were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Money Concepts Capital Corp increased its position in shares of Estée Lauder Companies by 32.3% in the 4th quarter. Money Concepts Capital Corp now owns 209 shares of the company’s stock valued at $52,000 after acquiring an additional 51 shares during the period. Fiduciary Trust Co. grew its position in shares of Estée Lauder Companies by 0.7% during the 1st quarter. Fiduciary Trust Co. now owns 7,068 shares of the company’s stock valued at $1,742,000 after acquiring an additional 52 shares during the period. Moreno Evelyn V grew its position in shares of Estée Lauder Companies by 0.5% during the 3rd quarter. Moreno Evelyn V now owns 16,492 shares of the company’s stock valued at $2,384,000 after acquiring an additional 75 shares during the period. Magnolia Capital Advisors LLC grew its position in shares of Estée Lauder Companies by 2.6% during the 4th quarter. Magnolia Capital Advisors LLC now owns 3,019 shares of the company’s stock valued at $749,000 after acquiring an additional 76 shares during the period. Finally, Wetherby Asset Management Inc. grew its position in shares of Estée Lauder Companies by 1.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 5,805 shares of the company’s stock valued at $1,431,000 after acquiring an additional 76 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EL shares. Barclays raised their price target on shares of Estée Lauder Companies from $101.00 to $121.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 target price on the stock. in a research note on Tuesday, January 2nd. Telsey Advisory Group lifted their price target on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. Raymond James lifted their price target on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. Finally, Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $170.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $165.63.

Estée Lauder Companies Stock Up 6.3 %

Shares of NYSE:EL traded up $9.11 during trading on Friday, hitting $154.15. The company’s stock had a trading volume of 4,845,648 shares, compared to its average volume of 2,220,544. The business has a 50 day moving average price of $143.37 and a two-hundred day moving average price of $138.46. The company has a market capitalization of $55.26 billion, a PE ratio of 118.58, a P/E/G ratio of 3.97 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $260.46.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.55 by $0.33. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 earnings per share. As a group, research analysts expect that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.71%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 203.08%.

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.