The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 59.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 808 shares of the company’s stock after selling 1,206 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Estée Lauder Companies were worth $61,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EL. Eagle Bay Advisors LLC raised its position in shares of Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies in the 3rd quarter valued at $31,000. Kimelman & Baird LLC purchased a new position in shares of Estée Lauder Companies during the 2nd quarter worth $32,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares during the last quarter. Finally, Ecofi Investissements SA purchased a new stake in shares of Estée Lauder Companies in the second quarter valued at $53,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now owns 310,000 shares in the company, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Stock Up 3.1 %

Shares of NYSE:EL opened at $82.58 on Monday. The company has a 50 day moving average price of $75.37 and a two-hundred day moving average price of $84.58. The company has a market capitalization of $29.64 billion, a PE ratio of 147.46, a PEG ratio of 5.60 and a beta of 1.02. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. Analysts forecast that The Estée Lauder Companies Inc. will post 1.51 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is 250.00%.

Analyst Upgrades and Downgrades

EL has been the subject of a number of research reports. Barclays boosted their price target on Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. TD Cowen reduced their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Thursday, October 31st. Finally, Piper Sandler lifted their target price on shares of Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $93.68.

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.