Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 24.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,638 shares of the company's stock after selling 6,723 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Estée Lauder Companies were worth $3,018,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of EL. Rakuten Securities Inc. bought a new position in shares of Estée Lauder Companies in the fourth quarter worth $26,000. Arlington Trust Co LLC bought a new stake in Estée Lauder Companies during the third quarter valued at $32,000. Exchange Traded Concepts LLC boosted its stake in Estée Lauder Companies by 1,900.0% during the third quarter. Exchange Traded Concepts LLC now owns 280 shares of the company's stock valued at $40,000 after buying an additional 266 shares during the period. Sunbelt Securities Inc. boosted its stake in Estée Lauder Companies by 82.2% during the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company's stock valued at $40,000 after buying an additional 125 shares during the period. Finally, Washington Trust Advisors Inc. raised its position in Estée Lauder Companies by 42.7% during the third quarter. Washington Trust Advisors Inc. now owns 324 shares of the company's stock valued at $47,000 after purchasing an additional 97 shares in the last quarter. 55.15% of the stock is owned by institutional investors.
Estée Lauder Companies Stock Performance
Shares of NYSE:EL traded down $1.62 during midday trading on Wednesday, hitting $147.36. The company had a trading volume of 1,839,009 shares, compared to its average volume of 2,644,438. The company has a market cap of $52.82 billion, a price-to-earnings ratio of 113.35, a PEG ratio of 3.86 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. The company has a fifty day moving average of $146.84 and a two-hundred day moving average of $138.16. The Estée Lauder Companies Inc. has a 12-month low of $102.22 and a 12-month high of $253.24.
Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The business's revenue was down 7.4% on a year-over-year basis. On average, equities research analysts expect that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, February 28th. Estée Lauder Companies's dividend payout ratio (DPR) is currently 203.08%.
Analyst Ratings Changes
EL has been the topic of several analyst reports. Royal Bank of Canada lifted their price objective on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 6th. Bank of America upgraded Estée Lauder Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. The Goldman Sachs Group initiated coverage on Estée Lauder Companies in a report on Friday, March 1st. They issued a "neutral" rating and a $145.00 price objective on the stock. Citigroup raised Estée Lauder Companies from a "neutral" rating to a "buy" rating and raised their target price for the stock from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Finally, Barclays raised their target price on Estée Lauder Companies from $141.00 to $146.00 and gave the stock an "equal weight" rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $168.00.
View Our Latest Research Report on EL
Estée Lauder Companies Profile
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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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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