The Estée Lauder Companies Inc. (NYSE:EL) Position Trimmed by Covea Finance

Covea Finance trimmed its position in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 26.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 73,681 shares of the company’s stock after selling 26,208 shares during the period. Covea Finance’s holdings in Estée Lauder Companies were worth $10,776,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EL. Arlington Trust Co LLC acquired a new stake in Estée Lauder Companies in the 3rd quarter worth approximately $32,000. Chilton Capital Management LLC bought a new stake in shares of Estée Lauder Companies during the first quarter valued at approximately $37,000. Cornerstone Planning Group LLC bought a new stake in shares of Estée Lauder Companies during the second quarter valued at approximately $39,000. Exchange Traded Concepts LLC grew its position in Estée Lauder Companies by 1,900.0% in the third quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares during the period. Finally, Sunbelt Securities Inc. grew its position in Estée Lauder Companies by 82.2% in the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after acquiring an additional 125 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Down 2.0 %

EL stock traded down $3.10 during trading on Friday, reaching $149.74. 4,431,995 shares of the stock were exchanged, compared to its average volume of 2,912,775. The firm’s 50 day moving average is $141.33 and its 200 day moving average is $139.33. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $260.46. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16. The firm has a market cap of $53.68 billion, a P/E ratio of 115.19, a price-to-earnings-growth ratio of 4.32 and a beta of 1.07.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the business earned $1.54 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 29th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 203.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price target on Estée Lauder Companies from $150.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Royal Bank of Canada increased their price objective on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. StockNews.com downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Finally, Raymond James raised their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $164.71.

Get Our Latest Stock Report on Estée Lauder Companies

Estée Lauder Companies 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.

Further Reading

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

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