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

Atlantic Union Bankshares Corp decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 8.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,023 shares of the company’s stock after selling 842 shares during the period. Atlantic Union Bankshares Corp’s holdings in Estée Lauder Companies were worth $677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Estée Lauder Companies by 30.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Estée Lauder Companies in the 3rd quarter valued at $1,599,000. AIA Group Ltd lifted its position in Estée Lauder Companies by 4.9% in the 3rd quarter. AIA Group Ltd now owns 8,500 shares of the company’s stock valued at $847,000 after acquiring an additional 400 shares in the last quarter. Rovin Capital UT ADV lifted its position in Estée Lauder Companies by 49.5% in the 3rd quarter. Rovin Capital UT ADV now owns 6,996 shares of the company’s stock valued at $697,000 after acquiring an additional 2,315 shares in the last quarter. Finally, Markel Group Inc. bought a new stake in Estée Lauder Companies in the 3rd quarter valued at $1,396,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were purchased 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 $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on EL shares. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Morgan Stanley cut their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Piper Sandler boosted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Stock Up 2.5 %

Estée Lauder Companies stock opened at $73.32 on Friday. The stock 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 company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.54. The company’s 50-day moving average price is $74.16 and its two-hundred day moving average price is $79.61.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

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

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