Flossbach Von Storch SE Reduces Position in The Estee Lauder Companies Inc. (NYSE:EL)

Flossbach Von Storch SE cut its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 67.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,368 shares of the company's stock after selling 128,630 shares during the period. Flossbach Von Storch SE's holdings in Estee Lauder Companies were worth $4,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 154 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Estee Lauder Companies by 116.2% during the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after purchasing an additional 359 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Estee Lauder Companies by 41.0% during the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after purchasing an additional 229 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Estee Lauder Companies by 58.4% during the first quarter. UMB Bank n.a. now owns 906 shares of the company's stock valued at $60,000 after purchasing an additional 334 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EL has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday. Canaccord Genuity Group lowered their target price 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. Citigroup reduced their price target on shares of Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Hsbc Global Res raised shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and raised their price target for the company from $80.00 to $99.00 in a research report on Friday, June 27th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $77.70.

Estee Lauder Companies Stock Performance

NYSE:EL traded down $0.99 during trading hours on Friday, reaching $91.11. The company had a trading volume of 2,973,811 shares, compared to its average volume of 4,315,461. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44. The firm has a market cap of $32.78 billion, a price-to-earnings ratio of -37.65, a PEG ratio of 6.50 and a beta of 1.17. The firm's 50 day moving average price is $72.10 and its 200-day moving average price is $69.54.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations 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 company's revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. On average, analysts forecast that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's dividend payout ratio is presently -57.85%.

Estee 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.