Franklin Resources Inc. Lowers Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Franklin Resources Inc. cut its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,817 shares of the company's stock after selling 52,987 shares during the period. Franklin Resources Inc.'s holdings in Estée Lauder Companies were worth $6,659,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Estée Lauder Companies during the fourth quarter valued at about $251,304,000. American Century Companies Inc. lifted its holdings in Estée Lauder Companies by 11,026.8% in the 4th quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock worth $250,704,000 after purchasing an additional 3,313,557 shares in the last quarter. Vanguard Group Inc. boosted its stake in Estée Lauder Companies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock worth $2,025,532,000 after purchasing an additional 2,344,210 shares during the period. Nuance Investments LLC grew its holdings in Estée Lauder Companies by 192.0% during the 4th quarter. Nuance Investments LLC now owns 3,092,268 shares of the company's stock valued at $231,858,000 after buying an additional 2,033,188 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Estée Lauder Companies by 81.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company's stock worth $222,807,000 after buying an additional 1,330,840 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

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Wall Street Analyst Weigh In

EL has been the topic of a number of research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 4th. UBS Group boosted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Piper Sandler lifted their price objective 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. Canaccord Genuity Group lowered 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. Finally, DA Davidson reissued a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $83.48.

Estée Lauder Companies Trading Down 2.5 %

Shares of NYSE EL traded down $1.41 during trading hours on Tuesday, reaching $54.18. The stock had a trading volume of 637,944 shares, compared to its average volume of 4,012,100. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $149.91. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of -27.77, a P/E/G ratio of 6.09 and a beta of 1.10. The business's fifty day moving average price is $66.16 and its two-hundred day moving average price is $74.23. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The firm 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%. The company's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. Analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's payout ratio is currently -71.79%.

Insider Buying and Selling at Estée Lauder Companies

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

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.