Price T Rowe Associates Inc. MD Decreases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Price T Rowe Associates Inc. MD lowered its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 58.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 334,679 shares of the company's stock after selling 470,284 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.09% of Estée Lauder Companies worth $25,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Estée Lauder Companies by 163.8% during the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after buying an additional 8,930,011 shares in the last quarter. Capital World Investors purchased a new position in Estée Lauder Companies in the fourth quarter worth $554,509,000. Norges Bank acquired a new stake in Estée Lauder Companies in the fourth quarter valued at $251,304,000. American Century Companies Inc. boosted its position in shares of Estée Lauder Companies by 11,026.8% during the 4th quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock worth $250,704,000 after purchasing an additional 3,313,557 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Estée Lauder Companies by 148.9% during the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after purchasing an additional 3,278,632 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EL shares. Citigroup lowered their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Thursday, May 1st. Piper Sandler reaffirmed an "overweight" rating and set a $75.00 price objective (down from $92.00) on shares of Estée Lauder Companies in a report on Friday. Wells Fargo & Company lowered their target price on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $75.20.

Estée Lauder Companies Trading Up 0.8 %

Estée Lauder Companies stock traded up $0.46 during trading on Tuesday, hitting $58.16. The company's stock had a trading volume of 394,683 shares, compared to its average volume of 4,041,377. The stock's fifty day moving average is $62.18 and its 200 day moving average is $70.31. 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 1-year low of $48.37 and a 1-year high of $139.34. The stock has a market capitalization of $20.88 billion, a price-to-earnings ratio of -29.88, a P/E/G ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating 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 company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The company's quarterly revenue was down 9.9% compared to the same quarter last year. As a group, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.41%. Estée Lauder Companies's dividend payout ratio is presently -57.85%.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.

Estée 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.