Level Four Advisory Services LLC lowered its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 31.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,541 shares of the company's stock after selling 6,578 shares during the period. Level Four Advisory Services LLC's holdings in Estée Lauder Companies were worth $1,090,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Norges Bank bought a new stake in Estée Lauder Companies during the 4th quarter valued at $251,304,000. American Century Companies Inc. raised its stake in shares of Estée Lauder Companies by 11,026.8% during the fourth quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock valued at $250,704,000 after purchasing an additional 3,313,557 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Estée Lauder Companies by 9.5% in the fourth 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 position in Estée Lauder Companies by 192.0% in 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 increased its stake in Estée Lauder Companies by 81.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company's stock valued at $222,807,000 after buying an additional 1,330,840 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.
Estée Lauder Companies Stock Up 0.9 %
NYSE EL traded up $0.59 during trading on Monday, hitting $66.01. 3,118,282 shares of the company traded hands, compared to its average volume of 3,822,270. The company has a market capitalization of $23.70 billion, a P/E ratio of -33.85, a PEG ratio of 6.09 and a beta of 1.08. The business has a fifty day simple moving average of $71.78 and a 200 day simple moving average of $76.96. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $155.73. 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 posted its earnings results 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. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period in the previous year, the company earned $0.88 EPS. The company's revenue for the quarter 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 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.12%. Estée Lauder Companies's payout ratio is presently -71.79%.
Insider Buying and Selling
In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. This represents a 41.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul J. Fribourg purchased 43,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % 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.
Analyst Ratings Changes
EL has been the subject of several recent analyst reports. UBS Group increased their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Barclays decreased their price target on 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. 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 research note on Wednesday, January 22nd. Piper Sandler raised their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, DA Davidson reaffirmed a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $86.00.
Check Out Our Latest Stock Report on Estée Lauder Companies
Estée Lauder Companies Profile
(
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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