The Manufacturers Life Insurance Company Has $10.33 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

The Manufacturers Life Insurance Company decreased its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,812 shares of the company's stock after selling 9,383 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Estée Lauder Companies were worth $10,333,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EL. Peterson Wealth Services lifted its stake in Estée Lauder Companies by 9.8% during the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock worth $113,000 after purchasing an additional 134 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after buying an additional 141 shares in the last quarter. Blue Trust Inc. grew its position in Estée Lauder Companies by 8.7% in the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock valued at $139,000 after acquiring an additional 148 shares during the period. Smartleaf Asset Management LLC raised its stake in Estée Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after acquiring an additional 154 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its holdings in shares of Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares during the period. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Trading Down 0.4 %

Estée Lauder Companies stock traded down $0.24 during midday trading on Friday, hitting $61.00. 2,802,669 shares of the stock were exchanged, compared to its average volume of 4,063,738. The stock has a market capitalization of $21.90 billion, a PE ratio of -31.28, a P/E/G ratio of 6.09 and a beta of 1.12. The company has a fifty day simple moving average of $61.33 and a two-hundred day simple moving average of $69.77. 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 Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $139.34.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced 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. 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 for the quarter, compared to analysts' expectations of $3.51 billion. During the same period last year, the firm posted $0.97 earnings per share. The business's quarterly revenue was down 9.9% compared to the same quarter last year. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 dividend on an annualized basis and a yield of 2.30%. Estée Lauder Companies's payout ratio is -57.85%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. B. Riley reissued a "neutral" rating and set a $60.00 price target (down from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Morgan Stanley reduced their target price on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. DA Davidson reaffirmed a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.