TIAA Trust National Association Has $238,000 Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

TIAA Trust National Association lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,178 shares of the company’s stock after selling 356 shares during the quarter. TIAA Trust National Association’s holdings in Estée Lauder Companies were worth $238,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its position in 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 acquiring an additional 3,313,557 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Estée Lauder Companies by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock worth $2,025,532,000 after purchasing an additional 2,344,210 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock worth $222,807,000 after purchasing an additional 1,330,840 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Estée Lauder Companies by 80.8% in the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after buying an additional 1,310,900 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its holdings in Estée Lauder Companies by 695.4% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock valued at $111,994,000 after buying an additional 982,183 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Estée Lauder Companies

In related news, CFO Akhil Shrivastava acquired 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul J. Fribourg acquired 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Estée Lauder Companies Trading Down 2.3 %

Shares of Estée Lauder Companies stock opened at $65.42 on Friday. The stock has a market capitalization of $23.48 billion, a PE ratio of -33.55, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $155.73. The stock has a 50 day moving average price of $72.02 and a two-hundred day moving average price of $77.20. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $3.98 billion. During the same quarter last year, the firm posted $0.88 EPS. Estée Lauder Companies’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.14%. Estée Lauder Companies’s dividend payout ratio is presently -71.79%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EL shares. Piper Sandler boosted their target price 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. CICC Research assumed coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their target price on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Barclays decreased their price target on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus cut their price objective on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Twenty research 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 has a consensus rating of “Hold” and an average price target 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.