Fayez Sarofim & Co Sells 15,008 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Fayez Sarofim & Co reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 442,306 shares of the company's stock after selling 15,008 shares during the period. Fayez Sarofim & Co owned approximately 0.12% of Estée Lauder Companies worth $33,164,000 as of its most recent filing with the SEC.

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

Insider Transactions at Estée Lauder Companies

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

Estée Lauder Companies Stock Up 1.3 %

Shares of NYSE EL traded up $0.76 during trading on Friday, reaching $59.41. The company had a trading volume of 2,585,724 shares, compared to its average volume of 4,067,500. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $149.06. 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 business's 50-day moving average is $64.10 and its 200 day moving average is $72.25. The stock has a market cap of $21.33 billion, a PE ratio of -30.47, a P/E/G ratio of 6.09 and a beta of 1.10.

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

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.36%. Estée Lauder Companies's payout ratio is presently -71.79%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EL. Citigroup cut their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Piper Sandler lifted their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Telsey Advisory Group reissued a "market perform" rating and set a $76.00 target price on shares of Estée Lauder Companies in a report on Thursday. DA Davidson reaffirmed a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $81.57.

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.