Integrated Wealth Concepts LLC Trims Position in The Estée Lauder Companies Inc. (NYSE:EL)

Integrated Wealth Concepts LLC lowered its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 62.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,366 shares of the company's stock after selling 5,715 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Estée Lauder Companies were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peterson Wealth Services grew its stake in shares of Estée Lauder Companies by 9.8% in the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock valued at $113,000 after buying an additional 134 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in 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 during the period. Blue Trust Inc. increased its stake in Estée Lauder Companies by 8.7% during the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock worth $139,000 after acquiring an additional 148 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Estée Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after purchasing an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after purchasing an additional 158 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg purchased 43,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company's stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday. Morgan Stanley dropped their price target on shares of 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. JPMorgan Chase & Co. decreased their price objective on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company dropped their target price on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Barclays decreased their price target on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.20.

Estée Lauder Companies Price Performance

EL opened at $59.36 on Monday. 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 company's 50-day moving average price is $62.50 and its 200 day moving average price is $70.53. The Estée Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $139.34. The firm has a market cap of $21.31 billion, a price-to-earnings ratio of -30.44, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data 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. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter last year, the company earned $0.97 EPS. The company's revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share 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. Investors of record on Friday, May 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.36%. Estée Lauder Companies's payout ratio is -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.

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