Wellington Management Group LLP Sells 2,293,471 Shares of The Estee Lauder Companies Inc. $EL

Key Points

• Wellington Management Group LLP significantly reduced its stake in The Estee Lauder Companies, cutting it by 89.3% to approximately 275,791 shares, valued at about $18.2 million.
• The Estee Lauder Companies reported earnings per share of $0.09 for the recent quarter, surpassing estimates, but faced a year-over-year revenue decline of 11.9%.
• A quarterly dividend of $0.35 per share is set to be paid on September 16th, reflecting a 1.6% yield based on the current stock price.

Wellington Management Group LLP cut its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 89.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 275,791 shares of the company's stock after selling 2,293,471 shares during the period. Wellington Management Group LLP owned about 0.08% of Estee Lauder Companies worth $18,202,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Estee Lauder Companies by 1,182.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after acquiring an additional 461 shares during the period. Winthrop Capital Management LLC grew its position in shares of Estee Lauder Companies by 2,240.0% during the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after acquiring an additional 560 shares during the period. Golden State Wealth Management LLC grew its position in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after acquiring an additional 228 shares during the period. CVA Family Office LLC grew its position in shares of Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after acquiring an additional 359 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Estee Lauder Companies by 41.0% during the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after acquiring an additional 229 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Price Performance

Shares of NYSE EL traded down $0.02 during mid-day trading on Friday, hitting $91.75. 2,357,777 shares of the company's stock traded hands, compared to its average volume of 4,146,223. The company's 50-day moving average is $88.40 and its two-hundred day moving average is $73.11. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The company has a market capitalization of $33.02 billion, a P/E ratio of -29.22, a PEG ratio of 2.62 and a beta of 1.18. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.36 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The business's revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, equities analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Estee Lauder Companies's dividend payout ratio is -44.59%.

Insiders Place Their Bets

In related news, VP Lande Rashida La sold 6,417 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $91.88, for a total value of $589,593.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Citigroup increased their price objective on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Wells Fargo & Company increased their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Telsey Advisory Group reissued a "market perform" rating and set a $99.00 price objective on shares of Estee Lauder Companies in a report on Wednesday, August 20th. Finally, Hsbc Global Res raised shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $87.80.

About Estee Lauder Companies

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.