Rhumbline Advisers Sells 5,112 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Rhumbline Advisers trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 447,133 shares of the company's stock after selling 5,112 shares during the quarter. Rhumbline Advisers owned 0.12% of Estée Lauder Companies worth $33,526,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new position in Estée Lauder Companies during the fourth quarter worth about $1,153,000. Bank Pictet & Cie Europe AG grew its holdings in shares of Estée Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after purchasing an additional 4,690 shares during the last quarter. Banque Pictet & Cie SA increased its position in Estée Lauder Companies by 2.1% during the 4th quarter. Banque Pictet & Cie SA now owns 1,538,034 shares of the company's stock worth $115,322,000 after purchasing an additional 30,971 shares in the last quarter. V Square Quantitative Management LLC increased its position in Estée Lauder Companies by 13.0% during the 4th quarter. V Square Quantitative Management LLC now owns 6,594 shares of the company's stock worth $494,000 after purchasing an additional 757 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Estée Lauder Companies by 1.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 90,785 shares of the company's stock valued at $6,774,000 after purchasing an additional 1,330 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 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, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at $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 owned by corporate insiders.

Estée Lauder Companies Trading Up 0.5 %

Estée Lauder Companies stock traded up $0.37 during trading hours on Friday, reaching $71.71. 3,562,592 shares of the company's stock were exchanged, compared to its average volume of 4,397,103. The firm's 50 day simple moving average is $75.00 and its 200 day simple moving average is $81.19. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.54. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $25.74 billion, a PE ratio of -36.77, a PEG ratio of 6.09 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released 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. The business had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Estée Lauder Companies's dividend payout ratio is currently -71.79%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup cut shares of Estée Lauder Companies from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. UBS Group boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. DA Davidson reiterated a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Wednesday, February 5th. CICC Research assumed coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a "market perform" rating and a $82.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Twenty 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, the stock presently has a consensus rating of "Hold" and an average target price of $86.00.

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.