Corient Private Wealth LLC Has $4.45 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Corient Private Wealth LLC lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 48.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,393 shares of the company's stock after selling 56,861 shares during the period. Corient Private Wealth LLC's holdings in Estée Lauder Companies were worth $4,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EL. Frank Rimerman Advisors LLC increased its position in Estée Lauder Companies by 34.6% in the fourth quarter. Frank Rimerman Advisors LLC now owns 2,869 shares of the company's stock worth $215,000 after buying an additional 738 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Estée Lauder Companies by 69.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,660 shares of the company's stock worth $2,674,000 after acquiring an additional 14,649 shares during the last quarter. Lazard Freres Gestion S.A.S. increased its holdings in shares of Estée Lauder Companies by 20.7% in the 4th quarter. Lazard Freres Gestion S.A.S. now owns 1,205,989 shares of the company's stock worth $90,425,000 after acquiring an additional 206,472 shares during the period. EverSource Wealth Advisors LLC lifted its position in Estée Lauder Companies by 415.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,942 shares of the company's stock valued at $146,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Estée Lauder Companies in the 4th quarter valued at about $358,000. Institutional investors and hedge funds own 55.15% of the company's stock.

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Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock traded down $1.38 during midday trading on Tuesday, hitting $66.07. The company had a trading volume of 2,362,623 shares, compared to its average volume of 3,751,052. The stock has a market cap of $23.72 billion, a PE ratio of -33.88, a P/E/G ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $155.73. The business's 50 day simple moving average is $72.66 and its two-hundred day simple moving average is $77.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data 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. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business's revenue was down 6.4% compared to the same quarter last year. As a group, equities 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. Stockholders of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is presently -71.79%.

Analyst Ratings Changes

EL has been the topic of several analyst reports. Piper Sandler raised their price target 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. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Stifel Nicolaus cut their target price on Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley decreased their price target on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group reduced their price objective on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Estée Lauder Companies presently has an average rating of "Hold" and an average target price of $86.00.

Insider Activity at Estée Lauder Companies

In related news, CFO Akhil Shrivastava acquired 700 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were bought 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 of the company's stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg bought 43,000 shares of the company's stock in a transaction dated 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 completion of the acquisition, the director now owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Company 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.