Quadrature Capital Ltd reduced its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 82.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,219 shares of the company's stock after selling 392,319 shares during the quarter. Quadrature Capital Ltd's holdings in Estée Lauder Companies were worth $12,467,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the business. Kingsview Wealth Management LLC purchased a new stake in Estée Lauder Companies in the third quarter valued at $242,000. Kestra Private Wealth Services LLC boosted its position in shares of Estée Lauder Companies by 8.0% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,640 shares of the company's stock valued at $382,000 after purchasing an additional 196 shares during the period. Avantax Advisory Services Inc. grew its stake in Estée Lauder Companies by 37.2% during the 3rd quarter. Avantax Advisory Services Inc. now owns 4,183 shares of the company's stock worth $605,000 after buying an additional 1,135 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Estée Lauder Companies during the third quarter worth approximately $4,790,000. Finally, Atria Wealth Solutions Inc. lifted its stake in Estée Lauder Companies by 9.3% in the third quarter. Atria Wealth Solutions Inc. now owns 2,199 shares of the company's stock valued at $318,000 after buying an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.
Wall Street Analysts Forecast Growth
EL has been the topic of a number of recent research reports. Morgan Stanley lowered shares of Estée Lauder Companies from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $164.00 to $140.00 in a research note on Friday, May 3rd. JPMorgan Chase & Co. decreased their price objective on Estée Lauder Companies from $169.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, May 2nd. Citigroup upgraded Estée Lauder Companies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. StockNews.com upgraded Estée Lauder Companies from a "sell" rating to a "hold" rating in a research note on Thursday, May 2nd. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $155.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, May 1st. Sixteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $160.92.
Get Our Latest Stock Analysis on EL
Insider Transactions at Estée Lauder Companies
In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the transaction, the insider now directly owns 5,578 shares of the company's stock, valued at $728,598.36. The sale was disclosed in a filing with the SEC, which is available at this link. In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the business's stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the transaction, the insider now owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jane Lauder sold 14,976 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares of the company's stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. Insiders have sold a total of 42,255 shares of company stock worth $5,453,232 in the last three months. 12.77% of the stock is currently owned by company insiders.
Estée Lauder Companies Price Performance
Shares of EL traded down $3.04 during mid-day trading on Friday, reaching $120.47. 2,187,014 shares of the company's stock were exchanged, compared to its average volume of 2,528,238. The Estée Lauder Companies Inc. has a 52-week low of $102.22 and a 52-week high of $204.41. The company has a 50-day simple moving average of $136.00 and a two-hundred day simple moving average of $139.07. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The company has a market cap of $43.20 billion, a price-to-earnings ratio of 67.68, a PEG ratio of 3.30 and a beta of 1.04.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. Estée Lauder Companies's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, May 31st. Estée Lauder Companies's dividend payout ratio (DPR) is presently 148.32%.
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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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