The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,372 shares of the company's stock after selling 22,401 shares during the quarter. Quantbot Technologies LP's holdings in Estée Lauder Companies were worth $5,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp increased its position in shares of Estée Lauder Companies by 9.5% in the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company's stock valued at $1,054,314,000 after acquiring an additional 913,470 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 worth $570,600,000 after purchasing an additional 2,533,006 shares during the period. Van ECK Associates Corp boosted its position in Estée Lauder Companies by 23.6% in the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company's stock valued at $374,630,000 after buying an additional 954,493 shares during the last quarter. Geode Capital Management LLC increased its holdings in Estée Lauder Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company's stock worth $464,587,000 after buying an additional 70,307 shares during the period. Finally, Bank of New York Mellon Corp raised its position 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 worth $222,807,000 after buying an additional 1,330,840 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

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Analyst Upgrades and Downgrades

EL has been the topic of several recent research reports. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. DA Davidson reaffirmed a "buy" rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Barclays cut their price target on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Finally, Stifel Nicolaus dropped their target price on Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of "Hold" and a consensus target price of $86.00.

Estée Lauder Companies Price Performance

Shares of EL traded down $0.68 during mid-day trading on Tuesday, hitting $66.77. 755,973 shares of the company were exchanged, compared to its average volume of 3,943,622. The stock has a market cap of $23.97 billion, a price-to-earnings ratio of -34.29, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $155.73. The company has a 50 day moving average of $72.82 and a 200-day moving average of $77.65. 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, 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 positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. Analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is currently -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost 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 $156,645.99. This trade represents a 41.64 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares of the company's stock, valued at approximately $28,583,580. The trade was a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

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.