The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 29.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,023 shares of the company’s stock after selling 424 shares during the quarter. First Horizon Advisors Inc.’s holdings in Estée Lauder Companies were worth $77,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EL. Allspring Global Investments Holdings LLC boosted its position in shares of Estée Lauder Companies by 32.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,502 shares of the company’s stock valued at $1,446,000 after acquiring an additional 3,562 shares during the last quarter. Allworth Financial LP boosted its position in shares of Estée Lauder Companies by 21.3% during the 3rd quarter. Allworth Financial LP now owns 1,642 shares of the company’s stock valued at $164,000 after acquiring an additional 288 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Estée Lauder Companies by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,485 shares of the company’s stock valued at $1,646,000 after acquiring an additional 4,287 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Estée Lauder Companies by 16.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 74,454 shares of the company’s stock valued at $7,422,000 after acquiring an additional 10,618 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its position in shares of Estée Lauder Companies by 7.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,051 shares of the company’s stock valued at $504,000 after acquiring an additional 352 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the topic of several recent research reports. Telsey Advisory Group reissued a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Bank of America decreased their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $80.00 in a research report on Thursday, October 31st. DA Davidson reaffirmed a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday. Finally, Canaccord Genuity Group decreased their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $86.00.

Insider Buying and Selling

In related news, CFO Akhil Shrivastava purchased 700 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were 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 of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul J. Fribourg purchased 43,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was bought at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Down 0.4 %

EL stock opened at $73.00 on Friday. The company’s 50 day moving average price is $74.60 and its 200 day moving average price is $80.57. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54. The firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of -37.43, a PEG ratio of 6.09 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping 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 firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.92%. Estée Lauder Companies’s payout ratio is -71.79%.

Estée Lauder Companies 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.