Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $123,000 Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,640 shares of the company’s stock after selling 380 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Estée Lauder Companies were worth $123,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Estée Lauder Companies by 9.5% in the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after purchasing an additional 913,470 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after acquiring an additional 2,533,006 shares during the last quarter. Geode Capital Management LLC grew its holdings in Estée Lauder Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after acquiring an additional 70,307 shares during the period. Van ECK Associates Corp raised its position in shares of Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after acquiring an additional 1,078,926 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Estée Lauder Companies by 80.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after acquiring an additional 1,310,900 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EL. Telsey Advisory Group reaffirmed a “market perform” rating and set a $76.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. CICC Research assumed coverage on Estée Lauder Companies in a research note on Friday, December 27th. They issued a “market perform” rating and a $82.00 price target for the company. TD Cowen reduced their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Stock Up 1.3 %

Shares of Estée Lauder Companies stock opened at $65.09 on Monday. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.54. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.90 and a current ratio of 1.37. The business’s 50 day simple moving average is $76.72 and its 200 day simple moving average is $82.89. The firm has a market cap of $23.36 billion, a PE ratio of -33.38, a P/E/G ratio of 5.43 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the company earned $0.88 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.15%. Estée Lauder Companies’s dividend payout ratio is -71.79%.

Insider Activity

In other news, Director Paul J. Fribourg acquired 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. The trade was a 11.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Akhil Shrivastava bought 700 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 196,700 shares of company stock worth $12,762,093 in the last quarter. Corporate insiders own 12.78% of the company’s stock.

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.