The Estee Lauder Companies Inc. (NYSE:EL) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 33.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,002 shares of the company's stock after selling 7,626 shares during the period. Brown Advisory Inc.'s holdings in Estee Lauder Companies were worth $990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG raised its stake in Estee Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after acquiring an additional 4,690 shares during the last quarter. Mather Group LLC. raised its stake in shares of Estee Lauder Companies by 442.5% during the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company's stock worth $90,000 after buying an additional 1,115 shares in the last quarter. Golden State Wealth Management LLC raised its stake 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 worth $41,000 after buying an additional 228 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Estee Lauder Companies by 70.2% during the 1st quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock worth $313,000 after buying an additional 1,961 shares in the last quarter. Finally, Atria Investments Inc raised its stake in shares of Estee Lauder Companies by 32.1% during the 4th quarter. Atria Investments Inc now owns 5,174 shares of the company's stock worth $388,000 after buying an additional 1,258 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EL has been the subject of several research analyst reports. Citigroup raised their price objective on Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday. Royal Bank Of Canada decreased their price objective on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Bank of America initiated coverage on Estee Lauder Companies in a research note on Thursday, July 10th. They set a "buy" rating and a $110.00 price objective on the stock. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $82.50.

Estee Lauder Companies Stock Performance

EL stock traded up $0.28 on Thursday, reaching $86.68. The company's stock had a trading volume of 2,843,802 shares, compared to its average volume of 4,312,851. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44. The company has a market capitalization of $31.18 billion, a P/E ratio of -35.82, a price-to-earnings-growth ratio of 6.17 and a beta of 1.17. The firm has a fifty day moving average of $74.34 and a two-hundred day moving average of $69.93. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the company posted $0.97 EPS. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.62%. Estee Lauder Companies's dividend payout ratio (DPR) is -57.85%.

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.