The Estee Lauder Companies Inc. (NYSE:EL) Stock Holdings Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,456 shares of the company's stock after selling 9,777 shares during the period. Nisa Investment Advisors LLC's holdings in Estee Lauder Companies were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its stake in shares of Estee Lauder Companies by 57.3% in 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 period. CVA Family Office LLC boosted its position in Estee Lauder Companies by 116.2% in the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after buying an additional 359 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Estee Lauder Companies by 41.0% in the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after buying an additional 229 shares during the last quarter. UMB Bank n.a. grew its stake 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 acquiring an additional 334 shares in the last quarter. Finally, Rossby Financial LCC purchased a new stake in shares of Estee Lauder Companies during the first quarter worth about $73,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Performance

EL stock traded down $0.99 during midday trading 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 quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average price of $72.10 and a 200 day moving average price of $69.54. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The firm has a market capitalization of $32.78 billion, a PE ratio of -37.65, a P/E/G ratio of 6.50 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating 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 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 firm posted $0.97 earnings per share. Estee Lauder Companies's quarterly revenue was down 9.9% compared to the same quarter last year. Analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid 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 1.54%. Estee Lauder Companies's payout ratio is currently -57.85%.

Analyst Upgrades and Downgrades

EL has been the topic of a number of analyst reports. Bank of America initiated coverage on Estee Lauder Companies in a research report on Thursday. They set a "buy" rating and a $110.00 target price on the stock. Wells Fargo & Company lifted their target price on Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Telsey Advisory Group reaffirmed a "market perform" rating and set a $76.00 target price on shares of Estee Lauder Companies in a research report on Thursday, May 1st. B. Riley reaffirmed a "neutral" rating and set a $60.00 target price (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Finally, Evercore ISI lifted their target price on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Estee Lauder Companies currently has an average rating of "Hold" and a consensus target price of $77.70.

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.