Marshall Wace LLP decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 79.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 637,904 shares of the company's stock after selling 2,430,720 shares during the quarter. Marshall Wace LLP owned about 0.18% of Estée Lauder Companies worth $47,830,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Wealth Services increased its position in shares of Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock worth $113,000 after purchasing an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after acquiring an additional 141 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Estée Lauder Companies by 8.7% in the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock valued at $139,000 after acquiring an additional 148 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Estée Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after acquiring an additional 154 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.
Insiders Place Their Bets
In related news, Director Paul J. Fribourg purchased 43,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares of the company's stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was bought 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 directly owns 2,381 shares of the company's stock, valued at approximately $156,645.99. This trade 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 insiders.
Analysts Set New Price Targets
Several research firms have recently commented on EL. Piper Sandler raised their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. DA Davidson reaffirmed a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. UBS Group cut their target price on shares of Estée Lauder Companies from $75.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut their price objective on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of "Hold" and a consensus target price of $81.57.
Check Out Our Latest Stock Analysis on EL
Estée Lauder Companies Stock Performance
Shares of EL stock traded up $0.97 during mid-day trading on Wednesday, hitting $56.91. 1,646,743 shares of the stock were exchanged, compared to its average volume of 4,054,544. The stock has a market capitalization of $20.43 billion, a price-to-earnings ratio of -29.18, a P/E/G ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $149.91. The stock's fifty day simple moving average is $64.53 and its two-hundred day simple moving average is $72.61. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $3.98 billion. During the same period in the prior year, the business earned $0.88 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. On average, analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is presently -71.79%.
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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