Van Lanschot Kempen Investment Management N.V. decreased its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 31.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,598 shares of the company's stock after selling 75,632 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Estée Lauder Companies were worth $12,641,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EL. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies during the 4th quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators grew its position in shares of Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after buying an additional 158 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies during the fourth quarter worth approximately $30,000. Eagle Bay Advisors LLC increased its stake in shares of Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after buying an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised 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. Institutional investors and hedge funds own 55.15% of the company's stock.
Analysts Set New Price Targets
EL has been the subject of several research analyst reports. Stifel Nicolaus dropped their target price on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their target price on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Barclays lowered their price target on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Telsey Advisory Group restated a "market perform" rating and set a $76.00 price objective on shares of Estée Lauder Companies in a research note on Thursday. Finally, UBS Group lowered their target price on shares of Estée Lauder Companies from $75.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of "Hold" and a consensus target price of $81.57.
Check Out Our Latest Analysis on Estée Lauder Companies
Estée Lauder Companies Price Performance
Estée Lauder Companies stock traded up $0.76 during trading hours on Friday, hitting $59.41. 2,585,724 shares of the company traded hands, compared to its average volume of 4,067,500. The firm's 50-day simple moving average is $64.10 and its two-hundred day simple moving average is $72.25. The firm has a market cap of $21.33 billion, a P/E ratio of -30.47, a P/E/G ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $149.06. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's payout ratio is currently -71.79%.
Insiders Place Their Bets
In other news, CFO Akhil Shrivastava bought 700 shares of the firm's stock in a transaction 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 completion of the acquisition, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This represents a 41.64 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at 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 purchased 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 of the company's stock, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.
Estée Lauder Companies Company Profile
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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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