The Estée Lauder Companies Inc. (NYSE:EL) Stock Holdings Boosted by Woodline Partners LP

Woodline Partners LP lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,430 shares of the company's stock after acquiring an additional 17,475 shares during the quarter. Woodline Partners LP owned 0.07% of Estée Lauder Companies worth $17,728,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EL. HB Wealth Management LLC boosted its stake in shares of Estée Lauder Companies by 23.3% during the 4th quarter. HB Wealth Management LLC now owns 2,925 shares of the company's stock worth $219,000 after acquiring an additional 553 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after acquiring an additional 141 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Estée Lauder Companies by 58.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,470 shares of the company's stock worth $1,910,000 after acquiring an additional 9,427 shares in the last quarter. Harrell Investment Partners LLC boosted its stake in shares of Estée Lauder Companies by 52.1% during the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock worth $771,000 after acquiring an additional 3,524 shares in the last quarter. Finally, 1834 Investment Advisors Co. bought a new stake in shares of Estée Lauder Companies during the 4th quarter worth $450,000. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $63.62 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $133.14. The business has a fifty day simple moving average of $60.57 and a 200 day simple moving average of $68.77. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of -32.63, a P/E/G ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the company earned $0.97 earnings per share. The business's revenue was down 9.9% compared to the same quarter last year. As a group, sell-side analysts predict 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 issued a dividend of $0.35 per share. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.20%. Estée Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EL. Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their target price on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup decreased their target price on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Morgan Stanley decreased their target price on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of "Hold" and a consensus target price of $75.20.

Estée 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.