Headlands Technologies LLC Reduces Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Headlands Technologies LLC cut its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 95.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,638 shares of the company’s stock after selling 70,912 shares during the period. Headlands Technologies LLC’s holdings in Estée Lauder Companies were worth $273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EL. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth $29,000. Deseret Mutual Benefit Administrators increased its position in shares of Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after acquiring an additional 158 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in shares of Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $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 in the 4th quarter worth approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Estée Lauder Companies by 42.1% during the 4th 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 period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Down 9.1 %

NYSE EL opened at $52.89 on Friday. The firm’s fifty day moving average price is $70.31 and its 200 day moving average price is $76.43. The Estée Lauder Companies Inc. has a 12 month low of $51.48 and a 12 month high of $149.91. 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 company has a market capitalization of $18.99 billion, a price-to-earnings ratio of -27.12, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s payout ratio is currently -71.79%.

Analyst Upgrades and Downgrades

EL has been the topic of a number of research reports. Barclays decreased their price target on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. UBS Group increased their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. 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. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday, January 31st. Finally, Canaccord Genuity Group dropped their price objective on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Twenty equities research 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 has a consensus rating of “Hold” and an average target price of $86.00.

Insider Transactions at Estée Lauder Companies

In related news, Director Paul J. Fribourg bought 43,000 shares of the 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 purchase, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now 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 disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

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.