Sumitomo Mitsui Trust Group Inc. decreased its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 517,777 shares of the company's stock after selling 34,559 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.14% of Estée Lauder Companies worth $38,823,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the third quarter valued at $31,000. Eagle Bay Advisors LLC boosted its holdings in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 acquiring an additional 141 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Estée Lauder Companies by 752.9% in the third quarter. Rakuten Securities Inc. now owns 580 shares of the company's stock valued at $58,000 after acquiring an additional 512 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock valued at $64,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 55.15% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. B. Riley dropped their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Piper Sandler boosted their target price 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. Royal Bank of Canada restated an "outperform" rating and set a $100.00 target price on shares of Estée Lauder Companies in a report on Friday, January 31st. Finally, CICC Research assumed coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They set a "market perform" rating and a $82.00 target price on the stock. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $86.00.
Check Out Our Latest Stock Analysis on Estée Lauder Companies
Estée Lauder Companies Stock Performance
NYSE:EL traded down $0.88 during mid-day trading on Friday, reaching $68.80. The company's stock had a trading volume of 3,714,764 shares, compared to its average volume of 4,502,329. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.54. The firm's fifty day moving average price is $76.06 and its two-hundred day moving average price is $82.16. The company has a current ratio of 1.37, a quick ratio of 0.90 and a debt-to-equity ratio of 1.75. The stock has a market cap of $24.70 billion, a P/E ratio of -35.28, a PEG ratio of 5.43 and a beta of 1.03.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. Estée Lauder Companies's revenue was down 6.4% on a year-over-year basis. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.37 EPS for the current fiscal year.
Estée Lauder Companies Announces Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies's payout ratio is currently -71.79%.
Insider Activity
In related news, CFO Akhil Shrivastava acquired 700 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg acquired 75,500 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the purchase, the director now owns 310,000 shares in the company, valued at $20,128,300. This trade represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 119,200 shares of company stock valued at $7,801,318 in the last quarter. 12.78% of the stock is currently owned by insiders.
About Estée Lauder Companies
(
Free Report)
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.
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