Allianz Asset Management GmbH Sells 158,436 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Allianz Asset Management GmbH decreased its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 34.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,742 shares of the company's stock after selling 158,436 shares during the period. Allianz Asset Management GmbH owned about 0.08% of Estee Lauder Companies worth $19,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its position in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after acquiring an additional 228 shares during the period. CVA Family Office LLC lifted its stake in shares of Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after buying an additional 359 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Estee Lauder Companies by 41.0% during the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after buying an additional 229 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Estee Lauder Companies by 58.4% during the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock valued at $60,000 after buying an additional 334 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of Estee Lauder Companies during the 1st quarter valued at $73,000. Institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Price Performance

Shares of NYSE EL traded up $1.43 during mid-day trading on Monday, hitting $91.83. 941,975 shares of the company's stock traded hands, compared to its average volume of 4,167,151. The company's 50-day moving average is $77.23 and its two-hundred day moving average is $70.47. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The company has a market capitalization of $33.04 billion, a P/E ratio of -38.10, a PEG ratio of 6.47 and a beta of 1.17. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate 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. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The firm's revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. On average, equities analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 1.52%. Estee Lauder Companies's payout ratio is -57.85%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EL shares. Deutsche Bank Aktiengesellschaft upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their target price for the company from $71.00 to $95.00 in a research note on Monday, June 23rd. HSBC upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their target price for the company from $80.00 to $99.00 in a research note on Friday, June 27th. Wall Street Zen upgraded shares of Estee Lauder Companies from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Hsbc Global Res upgraded shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, UBS Group boosted their price target on shares of Estee Lauder Companies from $62.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $84.50.

Estee 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.