Cresset Asset Management LLC Lowers Position in The Estée Lauder Companies Inc. (NYSE:EL)

Cresset Asset Management LLC reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 73.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,314 shares of the company's stock after selling 11,777 shares during the quarter. Cresset Asset Management LLC's holdings in Estée Lauder Companies were worth $323,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harrell Investment Partners LLC lifted its stake in shares of Estée Lauder Companies by 52.1% in the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after purchasing an additional 3,524 shares during the period. Washington Capital Management Inc. purchased a new position in Estée Lauder Companies during the fourth quarter valued at $352,000. Bank Pictet & Cie Europe AG lifted its position in Estée Lauder Companies by 5.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after buying an additional 4,690 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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, Banque Pictet & Cie SA grew its position in shares of Estée Lauder Companies by 2.1% in the 4th quarter. Banque Pictet & Cie SA now owns 1,538,034 shares of the company's stock worth $115,322,000 after buying an additional 30,971 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Stock Performance

Shares of NYSE EL traded up $0.19 during midday trading on Thursday, hitting $63.85. 636,759 shares of the stock traded hands, compared to its average volume of 4,091,979. The firm has a market capitalization of $22.97 billion, a P/E ratio of -32.67, a PEG ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a one year low of $48.37 and a one year high of $133.14. 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 firm has a 50-day moving average of $60.57 and a two-hundred day moving average of $68.77.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies's revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.19%. Estée Lauder Companies's dividend payout ratio (DPR) is -57.85%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson reissued a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. UBS Group lifted their target price on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Barclays lowered their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Nineteen 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, Estée Lauder Companies currently has a consensus rating of "Hold" and a consensus price target of $75.20.

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.