Whittier Trust Co. Trims Stock Position in The Estee Lauder Companies Inc. (NYSE:EL)

Whittier Trust Co. trimmed its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 52.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,645 shares of the company's stock after selling 5,183 shares during the quarter. Whittier Trust Co.'s holdings in Estee Lauder Companies were worth $307,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EL. Bank Pictet & Cie Europe AG grew its position in shares of Estee Lauder Companies by 5.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after acquiring an additional 4,690 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Estee Lauder Companies by 442.5% in the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company's stock worth $90,000 after acquiring an additional 1,115 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after buying an additional 228 shares in the last quarter. Bessemer Group Inc. grew its stake in Estee Lauder Companies by 70.2% in the first quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock valued at $313,000 after purchasing an additional 1,961 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Estee Lauder Companies by 27.0% in the first quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock valued at $239,000 after purchasing an additional 770 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $86.68 on Friday. The stock has a 50 day simple moving average of $74.34 and a 200 day simple moving average of $69.93. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $103.44. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The stock has a market cap of $31.18 billion, a P/E ratio of -35.82, a PEG ratio of 6.17 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm's revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. Research analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.62%. Estee Lauder Companies's dividend payout ratio is presently -57.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EL shares. Canaccord Genuity Group lowered their target price on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Piper Sandler restated an "overweight" rating and set a $75.00 target price (down from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Citigroup upped their price target on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research report on Tuesday. Wall Street Zen raised shares of Estee Lauder Companies from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Stifel Nicolaus decreased their price objective on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Fifteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Estee Lauder Companies presently has a consensus rating of "Hold" and an average price target of $82.50.

Estee 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.

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