Freemont Management S.A. Has $630,000 Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Freemont Management S.A. trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 82.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,400 shares of the company's stock after selling 40,000 shares during the quarter. Freemont Management S.A.'s holdings in Estée Lauder Companies were worth $630,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock valued at $570,600,000 after acquiring an additional 2,533,006 shares during the period. Bank of New York Mellon Corp boosted its holdings in Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company's stock valued at $222,807,000 after acquiring an additional 1,330,840 shares during the period. Two Sigma Advisers LP boosted its holdings in Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company's stock valued at $292,510,000 after acquiring an additional 1,310,900 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in Estée Lauder Companies by 695.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company's stock valued at $111,994,000 after acquiring an additional 982,183 shares during the period. Finally, Nuance Investments LLC boosted its holdings in Estée Lauder Companies by 1,127.5% during the third quarter. Nuance Investments LLC now owns 1,059,080 shares of the company's stock valued at $105,580,000 after acquiring an additional 972,799 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

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Estée Lauder Companies Price Performance

Shares of NYSE EL traded down $0.98 during mid-day trading on Friday, hitting $67.04. 5,872,794 shares of the stock were exchanged, compared to its average volume of 3,741,756. The company has a market cap of $24.07 billion, a P/E ratio of -34.38, a PEG ratio of 6.09 and a beta of 1.08. The stock's fifty day simple moving average is $72.97 and its two-hundred day simple moving average is $78.01. 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 Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $155.73.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion during 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 company's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is currently -71.79%.

Insider Activity at Estée Lauder Companies

In related news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following 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 disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EL shares. Royal Bank of Canada restated an "outperform" rating and set a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. Morgan Stanley reduced their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Piper Sandler increased their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Barclays reduced their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, CICC Research started coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They issued a "market perform" rating and a $82.00 target price for the company. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $86.00.

Estée Lauder Companies 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.