The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 26.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,543 shares of the company’s stock after selling 6,879 shares during the period. Arcadia Investment Management Corp MI’s holdings in Estée Lauder Companies were worth $1,465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EL. Massachusetts Financial Services Co. MA lifted its position in shares of Estée Lauder Companies by 79.4% during the 3rd 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. Two Sigma Advisers LP lifted 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. Van ECK Associates Corp lifted 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. Worldquant Millennium Advisors LLC lifted its position in shares of Estée Lauder Companies by 695.4% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock valued at $111,994,000 after acquiring an additional 982,183 shares during the last quarter. Finally, Nuance Investments LLC lifted its position in shares of Estée Lauder Companies by 1,127.5% during the 3rd quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock valued at $105,580,000 after acquiring an additional 972,799 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

EL has been the subject of a number of recent research reports. Piper Sandler increased their price objective 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 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Barclays cut their target price on shares of 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. B. Riley cut their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Morgan Stanley cut their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $71.29 on Friday. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The company’s fifty day moving average price is $75.00 and its two-hundred day moving average price is $81.19. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is -71.79%.

Insider Transactions at Estée Lauder Companies

In other news, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now owns 430,800 shares in the company, valued at approximately $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. 12.78% of the stock is owned by corporate insiders.

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.