USS Investment Management Ltd trimmed its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,527 shares of the company's stock after selling 16,692 shares during the period. USS Investment Management Ltd's holdings in Estée Lauder Companies were worth $3,563,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Voloridge Investment Management LLC boosted its stake in Estée Lauder Companies by 24.2% during the 4th quarter. Voloridge Investment Management LLC now owns 1,240,938 shares of the company's stock worth $93,046,000 after purchasing an additional 241,903 shares during the period. Waverly Advisors LLC acquired a new stake in Estée Lauder Companies during the 4th quarter worth $325,000. Woodline Partners LP boosted its stake in Estée Lauder Companies by 8.0% during the 4th quarter. Woodline Partners LP now owns 236,430 shares of the company's stock worth $17,728,000 after purchasing an additional 17,475 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Estée Lauder Companies during the 4th quarter worth $21,222,000. Finally, Vident Advisory LLC lifted its stake in shares of Estée Lauder Companies by 48.9% in the 4th quarter. Vident Advisory LLC now owns 4,726 shares of the company's stock worth $354,000 after acquiring an additional 1,553 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.
Estée Lauder Companies Stock Performance
Shares of Estée Lauder Companies stock traded up $3.31 during trading on Tuesday, hitting $67.00. 3,753,746 shares of the stock were exchanged, compared to its average volume of 4,106,226. The stock's fifty day moving average is $60.32 and its 200 day moving average is $68.80. The stock has a market cap of $24.10 billion, a PE ratio of -34.36, a P/E/G ratio of 6.09 and a beta of 1.12. 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 Estée Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $127.05.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results 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. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies's revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on EL shares. Wall Street Zen cut shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a report on Saturday. DA Davidson restated a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. B. Riley restated a "neutral" rating and set a $60.00 target price (down previously from $70.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and set a $75.00 target price (down previously from $92.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Finally, UBS Group lifted their target price on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.20.
Check Out Our Latest Stock Report on EL
About Estée Lauder Companies
(
Free Report)
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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