WESPAC Advisors SoCal LLC Sells 100 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

WESPAC Advisors SoCal LLC trimmed its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 7.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,265 shares of the company’s stock after selling 100 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in The Estée Lauder Companies were worth $284,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Community Bank N.A. bought a new stake in The Estée Lauder Companies during the 2nd quarter worth about $25,000. Hall Laurie J Trustee bought a new stake in The Estée Lauder Companies during the 3rd quarter worth about $28,000. Winslow Evans & Crocker Inc. raised its holdings in The Estée Lauder Companies by 312.5% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 165 shares of the company’s stock worth $36,000 after purchasing an additional 125 shares during the last quarter. Old North State Trust LLC bought a new stake in The Estée Lauder Companies during the 3rd quarter worth about $41,000. Finally, NEXT Financial Group Inc bought a new stake in The Estée Lauder Companies during the 3rd quarter worth about $45,000. 55.49% of the stock is owned by institutional investors and hedge funds.

In other news, insider Cedric Prouve sold 9,438 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $218.28, for a total transaction of $2,060,126.64. Following the sale, the insider now owns 250,910 shares in the company, valued at approximately $54,768,634.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Sara E. Moss sold 12,905 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $221.29, for a total value of $2,855,747.45. In the last ninety days, insiders have sold 372,567 shares of company stock valued at $81,248,019. Insiders own 13.95% of the company’s stock.

Several analysts have weighed in on EL shares. TheStreet cut The Estée Lauder Companies from a “b” rating to a “c+” rating in a report on Thursday, August 20th. Goldman Sachs Group raised The Estée Lauder Companies from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $147.00 to $231.00 in a report on Monday, September 28th. Royal Bank of Canada upgraded The Estée Lauder Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $194.00 to $240.00 in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft boosted their target price on The Estée Lauder Companies from $223.00 to $248.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Argus boosted their target price on The Estée Lauder Companies from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $223.70.

NYSE:EL traded down $7.64 during trading hours on Monday, reaching $227.59. 16,408 shares of the stock were exchanged, compared to its average volume of 1,704,923. The Estée Lauder Companies Inc. has a twelve month low of $137.01 and a twelve month high of $235.84. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.32. The firm has a 50 day moving average of $218.54 and a 200 day moving average of $196.44. The stock has a market cap of $84.87 billion, a PE ratio of 125.01, a PEG ratio of 3.89 and a beta of 0.78.

The Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, August 20th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.34). The Estée Lauder Companies had a return on equity of 34.57% and a net margin of 4.79%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the company earned $0.64 EPS. The company’s revenue was down 32.3% compared to the same quarter last year. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 4.8 earnings per share for the current year.

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.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

Institutional Ownership by Quarter for The Estée Lauder Companies (NYSE:EL)

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