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

Xponance Inc. trimmed its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,526 shares of the company’s stock after selling 514 shares during the period. Xponance Inc.’s holdings in Estée Lauder Companies were worth $2,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new stake in Estée Lauder Companies during the 4th quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators grew its holdings in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 158 shares in the last quarter. Eagle Bay Advisors LLC raised its position in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Estée Lauder Companies in the fourth quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company lifted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. DA Davidson reissued a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Canaccord Genuity Group reduced their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler upped their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $86.00.

Insider Activity

In other news, Director Paul J. Fribourg acquired 43,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price 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 represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $67.04 on Friday. The stock has a 50 day moving average price of $72.97 and a 200 day moving average price of $78.01. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $155.73. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The firm 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.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during 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 business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -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.