The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 89.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,865 shares of the company's stock after selling 888,956 shares during the period. Schroder Investment Management Group's holdings in Estée Lauder Companies were worth $7,706,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Allstate Corp purchased a new position in Estée Lauder Companies in the fourth quarter worth about $513,000. Brown Brothers Harriman & Co. lifted its stake in shares of Estée Lauder Companies by 349.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 27,904 shares of the company's stock worth $2,092,000 after acquiring an additional 21,700 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Estée Lauder Companies by 32.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 3,203 shares of the company's stock worth $240,000 after buying an additional 776 shares during the period. Norges Bank purchased a new stake in shares of Estée Lauder Companies during the 4th quarter worth $251,304,000. Finally, Caisse Des Depots ET Consignations purchased a new position in shares of Estée Lauder Companies in the 4th quarter valued at approximately $15,187,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EL. 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 research note on Wednesday, January 29th. Wells Fargo & Company increased their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Finally, DA Davidson reissued a "buy" rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $86.00.

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Insider Buying and Selling at Estée Lauder Companies

In other news, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was acquired 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. This trade represents a 11.09 % 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 company insiders.

Estée Lauder Companies Trading Up 12.1 %

Shares of NYSE:EL traded up $6.07 during mid-day trading on Wednesday, reaching $56.13. 9,084,243 shares of the company were exchanged, compared to its average volume of 3,978,386. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $149.91. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The firm's 50-day simple moving average is $67.24 and its 200 day simple moving average is $75.25. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of -28.79, a P/E/G ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion for 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 revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.49%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -71.79%.

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.