The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in The Estée Lauder Companies Inc. (NYSE:EL) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,280 shares of the company’s stock after selling 182 shares during the period. Loomis Sayles & Co. L P’s holdings in Estée Lauder Companies were worth $1,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. acquired a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators increased its stake in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after acquiring an additional 158 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies during the 4th quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 2.3 %

Shares of NYSE EL opened at $65.42 on Friday. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $155.73. The stock has a market cap of $23.48 billion, a P/E ratio of -33.55, a PEG ratio of 6.09 and a beta of 1.08. 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 business’s fifty day simple moving average is $72.02 and its 200-day simple moving average is $77.14.

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 analysts’ consensus estimates of $0.32 by $0.30. 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 $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the company earned $0.88 EPS. Estée Lauder Companies’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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

Insiders Place Their Bets

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price 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 trade represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Stifel Nicolaus reduced their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley lowered their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Piper Sandler lifted their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $76.00 price target 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 issued a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $86.00.

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.