Quantbot Technologies LP Sells 22,401 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Quantbot Technologies LP reduced its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,372 shares of the company’s stock after selling 22,401 shares during the period. Quantbot Technologies LP’s holdings in Estée Lauder Companies were worth $5,951,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Blueshift Asset Management LLC bought a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $1,452,000. Teacher Retirement System of Texas bought a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $1,032,000. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Estée Lauder Companies by 34.7% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,936 shares of the company’s stock worth $816,000 after purchasing an additional 2,816 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $523,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Estée Lauder Companies by 28.8% in the fourth quarter. Advisors Asset Management Inc. now owns 43,913 shares of the company’s stock worth $3,293,000 after purchasing an additional 9,819 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Trading Down 1.4 %

NYSE:EL opened at $67.04 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The firm has a market capitalization of $24.07 billion, a price-to-earnings ratio of -34.38, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $155.73. The business has a fifty day moving average price of $72.97 and a 200-day moving average price of $78.01.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 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 in the prior year, the firm earned $0.88 EPS. The business’s revenue was down 6.4% on a year-over-year basis. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is -71.79%.

Insider Activity

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

Wall Street Analyst Weigh In

EL has been the topic of several recent analyst reports. Piper Sandler raised their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. UBS Group lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group cut their price objective on 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.