Dimensional Fund Advisors LP Has $43.44 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Dimensional Fund Advisors LP raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 579,430 shares of the company's stock after purchasing an additional 75,499 shares during the period. Dimensional Fund Advisors LP owned 0.16% of Estée Lauder Companies worth $43,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Estée Lauder Companies by 163.8% in the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after acquiring an additional 8,930,011 shares during the period. Norges Bank purchased a new stake in Estée Lauder Companies during the 4th quarter valued at $251,304,000. American Century Companies Inc. raised its stake in Estée Lauder Companies by 11,026.8% during the 4th quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock valued at $250,704,000 after buying an additional 3,313,557 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Estée Lauder Companies by 148.9% during the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after buying an additional 3,278,632 shares during the period. Finally, Independent Franchise Partners LLP boosted its stake in shares of Estée Lauder Companies by 45.5% in the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after buying an additional 2,458,379 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Price Performance

NYSE EL traded up $0.79 on Wednesday, reaching $59.32. 2,876,426 shares of the stock traded hands, compared to its average volume of 4,051,612. The Estée Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $139.34. The company has a market cap of $21.29 billion, a price-to-earnings ratio of -30.42, a P/E/G ratio of 6.09 and a beta of 1.12. The firm's fifty day simple moving average is $61.90 and its 200 day simple moving average is $70.22. 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 issued 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. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm's quarterly revenue was down 9.9% on a year-over-year basis. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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 paid 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 2.36%. Estée Lauder Companies's payout ratio is -57.85%.

Analyst Ratings Changes

EL has been the topic of several recent research reports. Canaccord Genuity Group decreased their price objective on Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Telsey Advisory Group reaffirmed 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. DA Davidson restated a "buy" rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Piper Sandler restated an "overweight" rating and issued a $75.00 price objective (down from $92.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Estée Lauder Companies currently has a consensus rating of "Hold" and an average price target of $75.20.

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.