The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Spire Wealth Management

Spire Wealth Management lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 91.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,010 shares of the company’s stock after selling 10,617 shares during the quarter. Spire Wealth Management’s holdings in Estée Lauder Companies were worth $146,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Estée Lauder Companies by 1.9% in the second quarter. State Street Corp now owns 10,019,387 shares of the company’s stock valued at $1,967,607,000 after purchasing an additional 184,641 shares during the period. Morgan Stanley boosted its stake in shares of Estée Lauder Companies by 20.0% in the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock valued at $1,739,070,000 after purchasing an additional 1,167,553 shares during the period. Royal Bank of Canada boosted its stake in shares of Estée Lauder Companies by 3.1% in the second quarter. Royal Bank of Canada now owns 4,867,672 shares of the company’s stock valued at $955,912,000 after purchasing an additional 146,006 shares during the period. Capital International Investors boosted its stake in shares of Estée Lauder Companies by 115.1% in the second quarter. Capital International Investors now owns 4,584,843 shares of the company’s stock valued at $900,212,000 after purchasing an additional 2,453,830 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Estée Lauder Companies by 2.2% in the second quarter. Geode Capital Management LLC now owns 4,219,658 shares of the company’s stock valued at $826,126,000 after purchasing an additional 89,696 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

EL has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Estée Lauder Companies from $200.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. TD Cowen cut shares of Estée Lauder Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $126.00 to $120.00 in a report on Wednesday, November 8th. Wells Fargo & Company raised their price objective on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Bank of America cut their price objective on shares of Estée Lauder Companies from $175.00 to $148.00 and set a “neutral” rating on the stock in a report on Tuesday, October 17th. Finally, Royal Bank of Canada raised their price objective on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. Seventeen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.35.

Check Out Our Latest Research Report on Estée Lauder Companies

Estée Lauder Companies Stock Performance

NYSE:EL opened at $143.34 on Friday. The firm’s fifty day moving average price is $138.05 and its 200 day moving average price is $142.17. The Estée Lauder Companies Inc. has a 1-year low of $102.22 and a 1-year high of $262.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.97. The firm has a market cap of $51.29 billion, a price-to-earnings ratio of 110.26, a price-to-earnings-growth ratio of 3.84 and a beta of 1.07.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period last year, the firm posted $1.54 EPS. Estée Lauder Companies’s quarterly revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.24 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 29th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.84%. Estée Lauder Companies’s dividend payout ratio (DPR) is 203.08%.

Estée Lauder Companies Company Profile

(Free Report)

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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