Whittier Trust Co. Decreases Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Whittier Trust Co. reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 32.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,828 shares of the company's stock after selling 4,790 shares during the period. Whittier Trust Co.'s holdings in Estée Lauder Companies were worth $737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC bought a new stake in Estée Lauder Companies in the 4th quarter worth approximately $1,452,000. Teacher Retirement System of Texas bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth approximately $1,032,000. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Estée Lauder Companies by 34.7% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,936 shares of the company's stock valued at $816,000 after purchasing an additional 2,816 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Estée Lauder Companies during the 4th quarter valued at $523,000. Finally, Advisors Asset Management Inc. raised its position in Estée Lauder Companies by 28.8% in the 4th quarter. Advisors Asset Management Inc. now owns 43,913 shares of the company's stock worth $3,293,000 after purchasing an additional 9,819 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Down 2.1 %

Estée Lauder Companies stock traded down $1.40 on Tuesday, hitting $66.05. 1,171,731 shares of the stock traded hands, compared to its average volume of 3,745,012. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $155.73. The firm has a market cap of $23.71 billion, a P/E ratio of -33.94, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The business's fifty day simple moving average is $72.82 and its 200 day simple moving average is $77.65.

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Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) 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 company had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same period last year, the company posted $0.88 EPS. Estée Lauder Companies's revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

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 $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 dividend yield of 2.12%. Estée Lauder Companies's dividend payout ratio is currently -71.79%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group reduced their price objective on 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. Royal Bank of Canada restated an "outperform" rating and set a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday, January 31st. DA Davidson reaffirmed a "buy" rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Finally, CICC Research began coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They issued a "market perform" rating and a $82.00 target price on the stock. Twenty equities research 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 currently has an average rating of "Hold" and a consensus target price of $86.00.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg acquired 43,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Akhil Shrivastava bought 700 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by 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.