DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Reduces Stake in The Estée Lauder Companies Inc. (NYSE:EL)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,612 shares of the company's stock after selling 62,360 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Estée Lauder Companies were worth $7,244,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies in the 4th quarter valued at $29,000. 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. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies in the fourth quarter valued at $30,000. Eagle Bay Advisors LLC increased its stake in 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 purchasing an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after purchasing an additional 141 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on EL. DA Davidson reaffirmed a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Piper Sandler restated an "overweight" rating and set a $75.00 price objective (down previously from $92.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Barclays lowered their target price on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. 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. Finally, UBS Group upped their price objective on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Nineteen investment 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 company presently has an average rating of "Hold" and a consensus price target of $75.20.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock traded up $4.41 during mid-day trading on Monday, reaching $65.40. 5,514,361 shares of the company's stock were exchanged, compared to its average volume of 4,078,714. The business's fifty day simple moving average is $61.20 and its 200 day simple moving average is $69.36. 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 one year low of $48.37 and a one year high of $139.34. The firm has a market capitalization of $23.48 billion, a PE ratio of -33.54, a P/E/G ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business's revenue was down 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's dividend payout ratio is -57.85%.

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.