Oppenheimer & Co. Inc. Sells 4,319 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Oppenheimer & Co. Inc. lowered its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 47.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,755 shares of the company's stock after selling 4,319 shares during the period. Oppenheimer & Co. Inc.'s holdings in Estee Lauder Companies were worth $314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. Bank Pictet & Cie Europe AG increased its holdings in shares of 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. Smartleaf Asset Management LLC boosted its position in Estee Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after purchasing an additional 154 shares during the period. Atria Investments Inc grew its holdings in Estee Lauder Companies by 32.1% during the fourth quarter. Atria Investments Inc now owns 5,174 shares of the company's stock valued at $388,000 after purchasing an additional 1,258 shares during the last quarter. IFP Advisors Inc grew its holdings in Estee Lauder Companies by 56.0% during the fourth quarter. IFP Advisors Inc now owns 1,257 shares of the company's stock valued at $94,000 after purchasing an additional 451 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Estee Lauder Companies by 16.5% in the first quarter. Exchange Traded Concepts LLC now owns 7,857 shares of the company's stock valued at $519,000 after purchasing an additional 1,110 shares during the period. Institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Stock Up 4.2%

Shares of EL stock opened at $88.67 on Thursday. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $107.57. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The stock has a fifty day moving average price of $68.02 and a 200 day moving average price of $68.98. The stock has a market cap of $31.90 billion, a P/E ratio of -36.64, a price-to-earnings-growth ratio of 6.04 and a beta of 1.17.

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

Estee Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued 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 dividend yield of 1.58%. Estee Lauder Companies's payout ratio is presently -57.85%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $80.00 to $99.00 in a report on Friday, June 27th. Stifel Nicolaus cut their target price on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Evercore ISI upped their price target on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Barclays lifted their price objective on Estee Lauder Companies from $56.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Finally, Royal Bank Of Canada decreased their target price on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Sixteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $74.45.

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.

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