Aviva PLC lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 91.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,658 shares of the company's stock after selling 93,921 shares during the period. Aviva PLC's holdings in Estée Lauder Companies were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in EL. Kovitz Investment Group Partners LLC acquired a new stake in Estée Lauder Companies in the 3rd quarter valued at about $1,229,000. EP Wealth Advisors LLC purchased a new stake in shares of Estée Lauder Companies in the third quarter worth approximately $403,000. Nomura Asset Management Co. Ltd. lifted its position in Estée Lauder Companies by 4.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 123,918 shares of the company's stock worth $12,353,000 after buying an additional 4,915 shares in the last quarter. Geode Capital Management LLC boosted its position in Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company's stock valued at $464,587,000 after purchasing an additional 70,307 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in shares of Estée Lauder Companies by 5.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,464 shares of the company's stock valued at $438,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.
Estée Lauder Companies Trading Down 2.1 %
EL stock traded down $1.16 during midday trading on Tuesday, hitting $54.43. 802,211 shares of the company's stock were exchanged, compared to its average volume of 4,012,665. The company has a market cap of $19.54 billion, a PE ratio of -27.89, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The stock's fifty day moving average price is $66.16 and its 200-day moving average price is $74.23. The Estée Lauder Companies Inc. has a one year low of $48.37 and a one year high of $149.91.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to analyst estimates 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 firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted $0.88 earnings per share. Research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estée Lauder Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.57%. Estée Lauder Companies's dividend payout ratio is -71.79%.
Insider Buying and Selling at Estée Lauder Companies
In other news, CFO Akhil Shrivastava bought 700 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, the chief financial officer now owns 2,381 shares of the company's stock, valued at $156,645.99. This represents a 41.64 % 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, Director Paul J. Fribourg purchased 43,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now owns 430,800 shares of the company's stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.
Analysts Set New Price Targets
EL has been the topic of several analyst reports. CICC Research assumed coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They set a "market perform" rating and a $82.00 target price on the stock. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group reduced their target price on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. UBS Group lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $100.00 target price on shares of Estée Lauder Companies in a report on Friday, January 31st. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $83.48.
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Estée Lauder Companies Profile
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Free Report)
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.
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