Wellington Management Group LLP Decreases Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Wellington Management Group LLP reduced its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,569,262 shares of the company's stock after selling 602,179 shares during the quarter. Wellington Management Group LLP owned approximately 0.72% of Estée Lauder Companies worth $192,643,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Peterson Wealth Services lifted its stake in Estée Lauder Companies by 9.8% in the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock valued at $113,000 after buying an additional 134 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Estée Lauder Companies by 42.1% in the 4th 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. Blue Trust Inc. lifted its position 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 acquiring an additional 148 shares during the period. Smartleaf Asset Management LLC boosted its stake in Estée Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after acquiring an additional 154 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its holdings in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after purchasing an additional 158 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on EL. Morgan Stanley cut their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Piper Sandler increased their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. CICC Research assumed coverage on Estée Lauder Companies in a research note on Friday, December 27th. They issued a "market perform" rating and a $82.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $86.00.

Estée Lauder Companies Stock Performance

Shares of NYSE EL traded up $0.05 during mid-day trading on Monday, hitting $52.98. The company had a trading volume of 8,608,341 shares, compared to its average volume of 3,929,111. 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 Estée Lauder Companies Inc. has a 1 year low of $48.82 and a 1 year high of $149.91. The company has a market capitalization of $19.02 billion, a price-to-earnings ratio of -27.17, a P/E/G ratio of 6.09 and a beta of 1.10. The stock's 50-day moving average price is $69.69 and its 200-day moving average price is $76.03.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted 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. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. On average, 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 company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.64%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's payout ratio is -71.79%.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the transaction, the director now owns 430,800 shares in the company, valued at $28,583,580. The trade was a 11.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares of the company's stock, valued at $156,645.99. The trade was a 41.64 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company's stock.

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.