Xponance Inc. Trims Position in The Estée Lauder Companies Inc. (NYSE:EL)

Xponance Inc. decreased its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,526 shares of the company’s stock after selling 514 shares during the quarter. Xponance Inc.’s holdings in Estée Lauder Companies were worth $2,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in EL. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $29,000. Deseret Mutual Benefit Administrators boosted 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 purchasing an additional 158 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the fourth quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after buying an additional 141 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In related news, CFO Akhil Shrivastava bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were bought 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 of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays reduced 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 report on Thursday, February 6th. Canaccord Genuity Group cut their price objective on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Telsey Advisory Group reiterated 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. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $86.00.

Estée Lauder Companies Trading Down 1.4 %

Shares of EL stock opened at $67.04 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $155.73. The stock has a market capitalization of $24.07 billion, a P/E ratio of -34.38, a P/E/G ratio of 6.09 and a beta of 1.08. The firm’s 50 day moving average is $72.97 and its 200 day moving average is $78.01.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. Research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared 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 payout ratio is currently -71.79%.

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.