FIL Ltd Has $51.15 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

FIL Ltd trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 682,193 shares of the company's stock after selling 262,951 shares during the period. FIL Ltd owned approximately 0.19% of Estée Lauder Companies worth $51,151,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EL. Kovitz Investment Group Partners LLC acquired a new position in Estée Lauder Companies during the third quarter worth about $1,229,000. EP Wealth Advisors LLC acquired a new position in Estée Lauder Companies in the 3rd quarter valued at $403,000. Nomura Asset Management Co. Ltd. boosted its stake 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 during the last quarter. Geode Capital Management LLC grew its holdings in Estée Lauder Companies by 1.5% in 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 period. Finally, Coldstream Capital Management Inc. boosted its holdings 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 purchasing an additional 225 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EL has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. Telsey Advisory Group reaffirmed 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. Citigroup decreased their price objective on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 target price on shares of Estée Lauder Companies in a report on Friday, January 31st. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.48.

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Insider Activity at Estée Lauder Companies

In other news, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of the business's stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies Price Performance

Shares of EL traded down $1.25 during trading hours on Tuesday, hitting $54.34. 969,036 shares of the company were exchanged, compared to its average volume of 4,287,632. The firm has a fifty day simple moving average of $66.16 and a 200-day simple moving average of $74.23. The company has a market capitalization of $19.51 billion, a PE ratio of -27.87, a PEG ratio of 6.09 and a beta of 1.10. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. 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 results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm's quarterly revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, February 28th. 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.