Edmond DE Rothschild Holding S.A. Decreases Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Edmond DE Rothschild Holding S.A. lowered its position in The Estée Lauder Companies Inc. (NYSE:EL) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,078 shares of the company’s stock after selling 25,910 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Estée Lauder Companies were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in Estée Lauder Companies by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 147,195 shares of the company’s stock worth $14,674,000 after purchasing an additional 1,809 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Estée Lauder Companies by 26.6% in the third quarter. D.A. Davidson & CO. now owns 5,744 shares of the company’s stock worth $573,000 after buying an additional 1,208 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Estée Lauder Companies by 12.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,096 shares of the company’s stock valued at $1,006,000 after acquiring an additional 1,100 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Estée Lauder Companies by 140.3% during the 3rd quarter. Verition Fund Management LLC now owns 33,491 shares of the company’s stock valued at $3,339,000 after acquiring an additional 19,552 shares during the period. Finally, Edgestream Partners L.P. boosted its holdings in Estée Lauder Companies by 128.9% during the 3rd quarter. Edgestream Partners L.P. now owns 15,292 shares of the company’s stock valued at $1,524,000 after acquiring an additional 8,610 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on EL. Stifel Nicolaus lowered their price objective on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. UBS Group upped their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Barclays dropped their price target on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Morgan Stanley decreased their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler increased 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. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Stock Up 0.9 %

Shares of Estée Lauder Companies stock opened at $66.01 on Tuesday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $155.73. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of -33.85, a PEG ratio of 6.09 and a beta of 1.08. The company has a 50-day moving average of $71.78 and a 200 day moving average of $76.96. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL) last announced its earnings results 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. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, sell-side 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 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. This represents a $1.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

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.