King Luther Capital Management Corp trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 56.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 57,127 shares of the company's stock after selling 73,150 shares during the period. King Luther Capital Management Corp's holdings in Estée Lauder Companies were worth $4,283,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Centre Asset Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at $8,585,000. Franklin Resources Inc. increased its holdings in Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after purchasing an additional 45,687 shares during the period. Harrell Investment Partners LLC increased its holdings in Estée Lauder Companies by 52.1% in the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after purchasing an additional 3,524 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock worth $570,600,000 after acquiring an additional 2,533,006 shares during the period. Finally, Paloma Partners Management Co grew its holdings in Estée Lauder Companies by 729.4% during the 3rd quarter. Paloma Partners Management Co now owns 47,500 shares of the company's stock worth $4,735,000 after acquiring an additional 41,773 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Estée Lauder Companies Stock Up 2.7 %
NYSE EL traded up $1.78 during trading hours on Friday, hitting $66.64. The company's stock had a trading volume of 3,995,209 shares, compared to its average volume of 3,722,003. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $155.73. The company has a market capitalization of $23.92 billion, a PE ratio of -34.17, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The company's 50-day simple moving average is $73.54 and its two-hundred day simple moving average is $78.74.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping 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 firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. During the same quarter last year, the firm earned $0.88 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. Estée Lauder Companies's dividend payout ratio is currently -71.79%.
Analyst Ratings Changes
A number of brokerages have weighed in on EL. Piper Sandler increased their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Telsey Advisory Group reiterated a "market perform" rating and set a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Wells Fargo & Company increased their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. DA Davidson reiterated a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their price target on Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of "Hold" and an average target price of $86.00.
Check Out Our Latest Analysis on Estée Lauder Companies
Insiders Place Their Bets
In other news, Director Paul J. Fribourg bought 43,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, for a total transaction of $46,053.00. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.
About Estée Lauder Companies
(
Free Report)
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.
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