State of Alaska Department of Revenue Decreases Position in The Estée Lauder Companies Inc. (NYSE:EL)

State of Alaska Department of Revenue lessened its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,616 shares of the company's stock after selling 4,150 shares during the period. State of Alaska Department of Revenue's holdings in Estée Lauder Companies were worth $1,995,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Centre Asset Management LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter valued at about $8,585,000. Franklin Resources Inc. raised its holdings in shares of Estée Lauder Companies by 47.5% during the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after purchasing an additional 45,687 shares during the period. Harrell Investment Partners LLC raised its holdings in shares of Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after purchasing an additional 3,524 shares during the period. Massachusetts Financial Services Co. MA raised 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 valued at $570,600,000 after purchasing an additional 2,533,006 shares during the period. Finally, Paloma Partners Management Co raised its holdings in shares of Estée Lauder Companies by 729.4% during the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company's stock valued at $4,735,000 after purchasing an additional 41,773 shares during the period. Institutional investors own 55.15% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EL. JPMorgan Chase & Co. upped their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Citigroup lowered shares of Estée Lauder Companies from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $105.00 to $80.00 in a report on Thursday, October 31st. CICC Research began coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They issued a "market perform" rating and a $82.00 target price on the stock. TD Cowen lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Finally, Piper Sandler upped their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies presently has a consensus rating of "Hold" and a consensus target price of $86.00.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 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 in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 119,200 shares of company stock valued at $7,801,318 in the last three months. Company insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Down 1.3 %

EL stock traded down $0.88 during trading on Friday, reaching $68.80. The stock had a trading volume of 3,714,764 shares, compared to its average volume of 4,619,071. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The company's 50 day moving average is $75.85 and its two-hundred day moving average is $81.94. The company has a market capitalization of $24.70 billion, a price-to-earnings ratio of -35.28, a P/E/G ratio of 5.43 and a beta of 1.03. The company has a quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the firm earned $0.88 EPS. The company's revenue was down 6.4% compared to the same quarter last year. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.37 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies's dividend payout ratio is currently -71.79%.

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.