Zevin Asset Management LLC Has $5.68 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Zevin Asset Management LLC trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 5.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 75,739 shares of the company’s stock after selling 4,295 shares during the period. Zevin Asset Management LLC’s holdings in Estée Lauder Companies were worth $5,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators grew its position in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after buying an additional 158 shares during the period. Eagle Bay Advisors LLC grew its position in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth about $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Estée Lauder Companies during the 3rd quarter worth about $31,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Up 2.7 %

Shares of Estée Lauder Companies stock opened at $66.64 on Friday. 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 cap of $23.92 billion, a P/E ratio of -34.17, a P/E/G ratio of 6.09 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The business’s 50 day moving average is $73.54 and its 200-day moving average is $78.84.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data 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. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the company’s stock in a transaction that occurred 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 purchase, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg purchased 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Analyst Ratings Changes

EL has been the subject of several analyst reports. Canaccord Genuity Group decreased their target price on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Telsey Advisory Group restated a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. CICC Research assumed coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective for the company. Morgan Stanley decreased their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, UBS Group boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.00.

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.