The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 80.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,800 shares of the company’s stock after selling 27,750 shares during the period. Intact Investment Management Inc.’s holdings in Estée Lauder Companies were worth $510,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EL. Centre Asset Management LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $8,585,000. Franklin Resources Inc. boosted its holdings in shares of Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock valued at $13,392,000 after acquiring an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC boosted its holdings in shares of Estée Lauder Companies by 52.1% in the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock valued at $771,000 after acquiring an additional 3,524 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after acquiring an additional 2,533,006 shares in the last quarter. Finally, Paloma Partners Management Co boosted its holdings in shares of Estée Lauder Companies by 729.4% in the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock valued at $4,735,000 after acquiring an additional 41,773 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $66.64 on Friday. The firm has a 50 day simple moving average of $73.54 and a 200-day simple moving average of $78.74. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The firm has a market cap of $23.92 billion, a PE ratio of -34.17, a P/E/G ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $155.73.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. 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 $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EL has been the topic of several analyst reports. Barclays lowered their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Piper Sandler boosted their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.00.

About Estée Lauder Companies

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.