Wealth Enhancement Advisory Services LLC Reduces Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,318 shares of the company's stock after selling 4,257 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Estée Lauder Companies were worth $1,598,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of EL. Bank Pictet & Cie Europe AG lifted its holdings in Estée Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after buying an additional 4,690 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Estée Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after buying an additional 154 shares during the period. Banque Pictet & Cie SA lifted its holdings in Estée Lauder Companies by 2.1% in the fourth quarter. Banque Pictet & Cie SA now owns 1,538,034 shares of the company's stock valued at $115,322,000 after buying an additional 30,971 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Estée Lauder Companies by 1.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 90,785 shares of the company's stock valued at $6,774,000 after buying an additional 1,330 shares during the period. Finally, Savant Capital LLC acquired a new position in Estée Lauder Companies in the fourth quarter valued at $1,385,000. Institutional investors and hedge funds own 55.15% of the company's stock.

Analyst Upgrades and Downgrades

EL has been the topic of several research reports. Telsey Advisory Group reiterated a "market perform" rating and set a $76.00 price objective on shares of Estée Lauder Companies in a report on Thursday, May 1st. DA Davidson reiterated a "buy" rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler reiterated an "overweight" rating and set a $75.00 price objective (down previously from $92.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies has an average rating of "Hold" and a consensus target price of $75.15.

Estée Lauder Companies Stock Performance

EL traded up $1.11 during midday trading on Friday, reaching $68.56. The company had a trading volume of 2,259,659 shares, compared to its average volume of 4,134,094. 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 stock has a market cap of $24.66 billion, a PE ratio of -35.16, a P/E/G ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $122.40. The business has a 50-day moving average price of $60.49 and a two-hundred day moving average price of $68.96.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its 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. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company's quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. On average, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, May 30th. 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.