Swiss National Bank decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 659,400 shares of the company's stock after selling 32,200 shares during the quarter. Swiss National Bank owned about 0.18% of Estée Lauder Companies worth $49,442,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in EL. Victory Capital Management Inc. boosted its holdings in shares of Estée Lauder Companies by 97.8% during the third quarter. Victory Capital Management Inc. now owns 160,344 shares of the company's stock worth $15,985,000 after purchasing an additional 79,278 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Estée Lauder Companies by 4.2% during the third quarter. Metis Global Partners LLC now owns 9,348 shares of the company's stock worth $932,000 after purchasing an additional 380 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Estée Lauder Companies by 6.3% during the third quarter. CIBC Asset Management Inc now owns 38,953 shares of the company's stock worth $3,883,000 after purchasing an additional 2,299 shares during the last quarter. Empirical Finance LLC boosted its holdings in shares of Estée Lauder Companies by 2.3% during the third quarter. Empirical Finance LLC now owns 8,001 shares of the company's stock worth $798,000 after purchasing an additional 179 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Estée Lauder Companies by 7.5% during the third quarter. Empowered Funds LLC now owns 3,434 shares of the company's stock worth $342,000 after purchasing an additional 241 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.
Estée Lauder Companies Stock Up 0.8 %
NYSE:EL traded up $0.55 during mid-day trading on Thursday, reaching $68.15. The stock had a trading volume of 2,718,024 shares, compared to its average volume of 3,718,864. 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 stock's 50 day simple moving average is $73.21 and its two-hundred day simple moving average is $78.25. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $155.73. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of -34.95, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results 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 company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. Estée Lauder Companies's quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.05%. Estée Lauder Companies's payout ratio is currently -71.79%.
Analyst Upgrades and Downgrades
EL has been the topic of several research reports. Morgan Stanley cut their target price on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research report on Friday, January 31st. UBS Group increased their target price 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. Canaccord Genuity Group cut their target price on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays cut their target price on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $86.00.
Check Out Our Latest Stock Analysis on Estée Lauder Companies
Insider Buying and Selling at Estée Lauder Companies
In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction dated 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 of the company's stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 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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