Lazard Asset Management LLC Has $65,000 Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Lazard Asset Management LLC decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 878 shares of the company's stock after selling 2,452,434 shares during the quarter. Lazard Asset Management LLC's holdings in Estée Lauder Companies were worth $65,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new position in Estée Lauder Companies in the 4th quarter valued at $29,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after purchasing an additional 158 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $30,000. Smartleaf Asset Management LLC lifted its stake in shares of Estée Lauder Companies by 47.4% in the 4th 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 period. Finally, Quent Capital LLC lifted its stake in shares of Estée Lauder Companies by 278.2% in the 4th quarter. Quent Capital LLC now owns 658 shares of the company's stock valued at $49,000 after purchasing an additional 484 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Piper Sandler restated an "overweight" rating and issued a $75.00 price objective (down previously from $92.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Wells Fargo & Company decreased their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. B. Riley restated a "neutral" rating and issued a $60.00 price objective (down previously from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Finally, UBS Group lifted their price target on Estée Lauder Companies from $60.00 to $62.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $75.20.

Estée Lauder Companies Price Performance

Shares of NYSE EL traded down $0.76 during midday trading on Wednesday, reaching $66.30. The company's stock had a trading volume of 2,626,253 shares, compared to its average volume of 4,100,369. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $127.05. The business's 50 day moving average price is $60.30 and its two-hundred day moving average price is $68.78. The company has a market cap of $23.85 billion, a P/E ratio of -34.00, a P/E/G ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The firm's quarterly revenue was down 9.9% on a year-over-year basis. On average, analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.11%. Estée Lauder Companies's payout ratio is -57.85%.

Estée 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.