Rockefeller Capital Management L.P. Reduces Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Rockefeller Capital Management L.P. lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,550 shares of the company's stock after selling 5,786 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Estée Lauder Companies were worth $1,181,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies during the fourth quarter worth approximately $29,000. Deseret Mutual Benefit Administrators boosted its stake in 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. Eagle Bay Advisors LLC grew its position in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies in the fourth quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Price Performance

Shares of EL traded up $0.81 during mid-day trading on Friday, reaching $59.46. 1,736,938 shares of the company's stock were exchanged, compared to its average volume of 4,065,460. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $149.06. 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 company has a 50-day simple moving average of $64.10 and a two-hundred day simple moving average of $72.25. The company has a market cap of $21.34 billion, a price-to-earnings ratio of -30.53, a PEG ratio of 6.09 and a beta of 1.10.

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 analysts' consensus estimates 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 business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the company earned $0.88 earnings per share. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's payout ratio is -71.79%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EL. Piper Sandler increased their price objective 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. Deutsche Bank Aktiengesellschaft decreased their price target on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Morgan Stanley cut their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. DA Davidson reiterated a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Finally, CICC Research assumed coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They issued a "market perform" rating and a $82.00 price objective for the company. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $81.57.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg purchased 43,000 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

About Estée Lauder Companies

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.