Intact Investment Management Inc. Decreases Position in The Estée Lauder Companies Inc. (NYSE:EL)

Intact Investment Management Inc. trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 80.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,800 shares of the company's stock after selling 27,750 shares during the period. Intact Investment Management Inc.'s holdings in Estée Lauder Companies were worth $510,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Peterson Wealth Services lifted its stake in shares of Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock valued at $113,000 after buying an additional 134 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after buying an additional 141 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Estée Lauder Companies by 8.7% during the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock valued at $139,000 after buying an additional 148 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after buying an additional 154 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after buying an additional 158 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

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Estée Lauder Companies Trading Up 0.8 %

Shares of EL stock traded up $0.55 on Thursday, hitting $68.15. 2,738,171 shares of the company's stock traded hands, compared to its average volume of 3,718,945. The company's fifty day simple moving average is $73.21 and its 200 day simple moving average is $78.25. The stock has a market capitalization of $24.46 billion, a price-to-earnings ratio of -34.95, a P/E/G ratio of 6.09 and a beta of 1.08. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $155.73.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced 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. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. Equities analysts forecast 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. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's payout ratio is -71.79%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Barclays dropped their price target on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. DA Davidson reiterated a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Canaccord Genuity Group lowered their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, February 5th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $86.00.

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares in the company, valued at $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. Insiders own 12.78% of the company's stock.

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.