The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG reduced its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 52.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,465 shares of the company's stock after selling 10,488 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Estée Lauder Companies were worth $709,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies in the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators boosted its holdings in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after buying an additional 158 shares during the period. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the 4th quarter worth $30,000. Eagle Bay Advisors LLC raised its holdings in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after acquiring an additional 141 shares during the period. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. DA Davidson reissued a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Morgan Stanley reduced 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. UBS Group upped their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. Finally, Piper Sandler increased their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Twenty 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 currently has a consensus rating of "Hold" and an average price target of $86.00.

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Estée Lauder Companies Stock Up 0.4 %

NYSE EL traded up $0.23 on Tuesday, reaching $53.18. 1,712,548 shares of the stock traded hands, compared to its average volume of 4,127,959. The Estée Lauder Companies Inc. has a 12 month low of $48.82 and a 12 month high of $149.91. 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 company has a fifty day moving average price of $69.69 and a 200-day moving average price of $76.03. The company has a market cap of $19.09 billion, a price-to-earnings ratio of -27.27, a PEG ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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 was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.63%. Estée Lauder Companies's dividend payout ratio is presently -71.79%.

Insider Activity at Estée Lauder Companies

In other news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.

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.