Victory Capital Management Inc. Sells 4,170 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Victory Capital Management Inc. cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,174 shares of the company's stock after selling 4,170 shares during the period. Victory Capital Management Inc.'s holdings in Estée Lauder Companies were worth $11,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EL. Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies during the 3rd quarter valued at approximately $31,000. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies in the fourth quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators grew its holdings in Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after purchasing an additional 158 shares during the period. Golden State Wealth Management LLC purchased a new stake in Estée Lauder Companies in the fourth quarter worth $30,000. Finally, Eagle Bay Advisors LLC raised 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 valued at $30,000 after buying an additional 300 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Trading Up 3.7 %

Shares of Estée Lauder Companies stock traded up $2.45 during trading on Monday, reaching $68.97. The company's stock had a trading volume of 2,764,443 shares, compared to its average volume of 3,718,173. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $155.73. The firm's 50-day moving average is $73.54 and its two-hundred day moving average is $78.65. The company has a market cap of $24.76 billion, a price-to-earnings ratio of -35.37, a PEG ratio of 6.09 and a beta of 1.08.

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Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during 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 was down 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. Estée Lauder Companies's dividend payout ratio (DPR) is currently -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In related news, CFO Akhil Shrivastava bought 700 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was purchased 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 owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, 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. Corporate insiders own 12.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EL shares. CICC Research started coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a "market perform" rating and a $82.00 price target for the company. 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. Telsey Advisory Group restated a "market perform" rating and set a $76.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $100.00 target price on shares of Estée Lauder Companies in a report on Friday, January 31st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $86.00.

Estée Lauder Companies 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.