Umpqua Bank Has $322,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Umpqua Bank decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,225 shares of the company’s stock after selling 271 shares during the quarter. Umpqua Bank’s holdings in Estée Lauder Companies were worth $322,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Estée Lauder Companies by 28.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,907 shares of the company’s stock valued at $8,310,000 after purchasing an additional 11,966 shares during the period. Financial Counselors Inc. lifted its stake in Estée Lauder Companies by 4.2% in the first quarter. Financial Counselors Inc. now owns 3,687 shares of the company’s stock valued at $568,000 after buying an additional 149 shares in the last quarter. Larson Financial Group LLC lifted its stake in Estée Lauder Companies by 3,262.5% in the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares in the last quarter. 9258 Wealth Management LLC lifted its stake in Estée Lauder Companies by 9.0% in the first quarter. 9258 Wealth Management LLC now owns 3,317 shares of the company’s stock valued at $511,000 after buying an additional 274 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in Estée Lauder Companies by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 48,149 shares of the company’s stock valued at $7,422,000 after buying an additional 650 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 1.3 %

Shares of EL traded down $0.83 during trading hours on Wednesday, reaching $65.03. The stock had a trading volume of 403,126 shares, compared to its average volume of 3,372,530. The Estée Lauder Companies Inc. has a 12 month low of $63.36 and a 12 month high of $159.75. The firm has a 50-day simple moving average of $88.99 and a 200 day simple moving average of $104.88. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 117.66, a P/E/G ratio of 1.17 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the business earned $0.11 EPS. Estée Lauder Companies’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities research analysts predict that The Estée Lauder Companies Inc. will post 2.95 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.15%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 250.00%.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,296 shares of company stock valued at $1,423,366. Company insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

EL has been the topic of a number of research reports. Raymond James lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. B. Riley lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group lowered their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Hold” and an average target price of $100.90.

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