UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 86,225 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,018,768 shares of the company's stock after selling 86,225 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.56% of Estée Lauder Companies worth $151,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. HB Wealth Management LLC increased its position in Estée Lauder Companies by 23.3% in the 4th quarter. HB Wealth Management LLC now owns 2,925 shares of the company's stock worth $219,000 after buying an additional 553 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Estée Lauder Companies by 42.1% in the fourth 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 grew its holdings in shares of Estée Lauder Companies by 58.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,470 shares of the company's stock worth $1,910,000 after buying an additional 9,427 shares in the last quarter. Harrell Investment Partners LLC boosted its position in Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after purchasing an additional 3,524 shares during the last quarter. Finally, 1834 Investment Advisors Co. acquired a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $450,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on EL. Wells Fargo & Company lowered their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and issued a $75.00 price objective (down previously from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. Royal Bank of Canada dropped their target price on Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Canaccord Genuity Group decreased their price target on shares of Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Finally, Barclays raised their price target on Estée Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies presently has an average rating of "Hold" and a consensus price target of $75.15.

Estée Lauder Companies Stock Performance

Shares of NYSE:EL traded up $2.43 during trading on Thursday, reaching $68.70. The stock had a trading volume of 2,567,591 shares, compared to its average volume of 4,115,226. The stock has a fifty day simple moving average of $60.28 and a two-hundred day simple moving average of $68.77. The firm has a market capitalization of $24.72 billion, a price-to-earnings ratio of -35.20, a P/E/G ratio of 6.09 and a beta of 1.12. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $125.90.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced 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 positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The business's revenue was down 9.9% compared to the same quarter last year. As a group, analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 annualized dividend and a dividend yield of 2.04%. Estée Lauder Companies's dividend payout ratio is presently -57.85%.

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.