The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Strs Ohio

Strs Ohio trimmed its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 19.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 192,634 shares of the company’s stock after selling 47,551 shares during the period. Strs Ohio’s holdings in Estée Lauder Companies were worth $28,172,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Money Concepts Capital Corp increased its position in shares of Estée Lauder Companies by 32.3% in the fourth quarter. Money Concepts Capital Corp now owns 209 shares of the company’s stock worth $52,000 after acquiring an additional 51 shares in the last quarter. Fiduciary Trust Co. increased its position in shares of Estée Lauder Companies by 0.7% in the first quarter. Fiduciary Trust Co. now owns 7,068 shares of the company’s stock worth $1,742,000 after acquiring an additional 52 shares in the last quarter. Moreno Evelyn V grew its position in Estée Lauder Companies by 0.5% during the third quarter. Moreno Evelyn V now owns 16,492 shares of the company’s stock valued at $2,384,000 after purchasing an additional 75 shares in the last quarter. Magnolia Capital Advisors LLC grew its position in Estée Lauder Companies by 2.6% during the fourth quarter. Magnolia Capital Advisors LLC now owns 3,019 shares of the company’s stock valued at $749,000 after purchasing an additional 76 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its position in Estée Lauder Companies by 1.3% during the first quarter. Wetherby Asset Management Inc. now owns 5,805 shares of the company’s stock valued at $1,431,000 after purchasing an additional 76 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EL. StockNews.com downgraded shares of Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Barclays boosted their price objective on shares of Estée Lauder Companies from $141.00 to $146.00 and gave the company an “equal weight” rating in a research report on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price objective on the stock. in a research report on Tuesday, January 2nd. Finally, Telsey Advisory Group lifted their target price on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $168.00.

Estée Lauder Companies Price Performance

NYSE:EL opened at $137.23 on Tuesday. The stock has a market cap of $49.19 billion, a P/E ratio of 105.56, a PEG ratio of 3.61 and a beta of 1.07. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $260.46. The company has a fifty day moving average price of $146.74 and a 200 day moving average price of $138.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.55 by $0.33. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 EPS. Analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, February 28th. Estée Lauder Companies’s payout ratio is currently 203.08%.

About Estée Lauder Companies

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.