Ensign Peak Advisors Inc Has $270.54 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Ensign Peak Advisors Inc increased its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,608,142 shares of the company's stock after buying an additional 385,677 shares during the quarter. Ensign Peak Advisors Inc owned approximately 1.01% of Estée Lauder Companies worth $270,538,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of Estée Lauder Companies by 47.5% in the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after buying an additional 45,687 shares during the last quarter. Harrell Investment Partners LLC increased its position in Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock worth $771,000 after buying an additional 3,524 shares during the last quarter. Washington Capital Management Inc. bought a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $352,000. Bank Pictet & Cie Europe AG raised its stake in Estée Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after buying an additional 4,690 shares during the period. Finally, Oak Thistle LLC bought a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $1,129,000. Institutional investors and hedge funds own 55.15% of the company's stock.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded down $0.24 during trading hours on Friday, reaching $61.00. 2,802,669 shares of the stock were exchanged, compared to its average volume of 4,072,939. The company has a market cap of $21.90 billion, a P/E ratio of -31.28, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $139.34. The stock has a 50 day moving average of $61.33 and a two-hundred day moving average of $69.51.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. Estée Lauder Companies's revenue was down 9.9% on a year-over-year basis. Equities analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.30%. Estée Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

Analyst Ratings Changes

EL has been the topic of several research analyst reports. Piper Sandler restated an "overweight" rating and issued a $75.00 price objective (down previously from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. Canaccord Genuity Group reduced their target price on shares of Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. B. Riley reaffirmed a "neutral" rating and set a $60.00 target price (down previously from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Finally, Citigroup reduced their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $75.20.

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.