Corebridge Financial Inc. cut its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 16.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 52,230 shares of the company's stock after selling 10,321 shares during the period. Corebridge Financial Inc.'s holdings in Estee Lauder Companies were worth $3,447,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Mirova grew its stake in Estee Lauder Companies by 6.1% during the 1st quarter. Mirova now owns 53,514 shares of the company's stock valued at $3,532,000 after acquiring an additional 3,097 shares in the last quarter. Independent Franchise Partners LLP grew its stake in Estee Lauder Companies by 1.5% during the 1st quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company's stock valued at $526,445,000 after acquiring an additional 118,276 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Estee Lauder Companies by 64.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 788 shares of the company's stock valued at $52,000 after acquiring an additional 309 shares in the last quarter. Groupe la Francaise grew its stake in Estee Lauder Companies by 114.5% during the 1st quarter. Groupe la Francaise now owns 39,171 shares of the company's stock valued at $2,602,000 after acquiring an additional 20,912 shares in the last quarter. Finally, Allstate Corp grew its stake in Estee Lauder Companies by 52.4% during the 1st quarter. Allstate Corp now owns 10,416 shares of the company's stock valued at $687,000 after acquiring an additional 3,580 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EL has been the subject of several recent analyst reports. Wall Street Zen cut shares of Estee Lauder Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Royal Bank Of Canada raised their price objective on shares of Estee Lauder Companies from $90.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. HSBC upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $80.00 to $99.00 in a research report on Friday, June 27th. Finally, Wells Fargo & Company raised their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Estee Lauder Companies presently has an average rating of "Hold" and a consensus target price of $87.80.
Check Out Our Latest Analysis on EL
Estee Lauder Companies Trading Up 2.2%
Shares of EL stock traded up $1.93 during trading hours on Friday, hitting $89.39. The company had a trading volume of 1,034,330 shares, compared to its average volume of 4,149,780. The company's fifty day moving average is $89.38 and its 200 day moving average is $73.67. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The stock has a market capitalization of $32.17 billion, a PE ratio of -28.53, a price-to-earnings-growth ratio of 2.62 and a beta of 1.15.
Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Research analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estee Lauder Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. Estee Lauder Companies's dividend payout ratio (DPR) is presently -44.59%.
Insider Activity at Estee Lauder Companies
In related news, Director Lynn Forester sold 3,702 shares of Estee Lauder Companies stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the transaction, the director owned 15,479 shares in the company, valued at $1,418,650.35. The trade was a 19.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lande Rashida La sold 6,417 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The disclosure for this sale can be found here. Company insiders own 12.78% of the company's stock.
Estee Lauder Companies Company Profile
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Free Report)
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.
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