The Estee Lauder Companies Inc. (NYSE:EL) Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 85.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,470 shares of the company's stock after selling 346,747 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Estee Lauder Companies were worth $3,793,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EL. Deseret Mutual Benefit Administrators lifted its position in shares of Estee Lauder Companies by 68.7% during 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 last quarter. Smartleaf Asset Management LLC raised its stake in Estee Lauder Companies by 47.4% during the fourth 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. Union Bancaire Privee UBP SA bought a new position in Estee Lauder Companies during the 4th quarter worth approximately $50,000. Farther Finance Advisors LLC grew its position in shares of Estee Lauder Companies by 41.0% in the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after acquiring an additional 229 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Estee Lauder Companies by 58.4% in the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock valued at $60,000 after acquiring an additional 334 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Estee Lauder Companies Price Performance

Shares of NYSE:EL traded up $0.36 on Tuesday, reaching $74.95. 6,566,920 shares of the company traded hands, compared to its average volume of 4,169,791. The stock has a market capitalization of $26.96 billion, a PE ratio of 36.39, a P/E/G ratio of 9.31 and a beta of 1.12. 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's 50 day moving average is $62.27 and its 200-day moving average is $68.89. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $115.82.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its 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 business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. Estee Lauder Companies's revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. As a group, analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.87%. Estee Lauder Companies's dividend payout ratio is currently -57.85%.

Wall Street Analyst Weigh In

EL has been the subject of a number of research reports. Canaccord Genuity Group decreased their price objective on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Stifel Nicolaus lowered their price objective on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. B. Riley reissued a "neutral" rating and issued a $60.00 target price (down previously from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, UBS Group upped their target price on Estee Lauder Companies from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $75.15.

About Estee Lauder Companies

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.