The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 101,350 shares of the company’s stock after selling 3,566 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Estée Lauder Companies were worth $7,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of Estée Lauder Companies by 11,026.8% during the fourth quarter. American Century Companies Inc. now owns 3,343,607 shares of the company’s stock valued at $250,704,000 after acquiring an additional 3,313,557 shares during the period. Vanguard Group Inc. increased its position in shares of Estée Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock valued at $2,025,532,000 after purchasing an additional 2,344,210 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Estée Lauder Companies by 81.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock worth $222,807,000 after buying an additional 1,330,840 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Estée Lauder Companies by 80.8% in the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after buying an additional 1,310,900 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its stake in Estée Lauder Companies by 695.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock valued at $111,994,000 after buying an additional 982,183 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 2.3 %

EL opened at $65.42 on Monday. The company has a market capitalization of $23.48 billion, a PE ratio of -33.55, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $155.73. The business has a 50-day moving average of $72.02 and a 200-day moving average of $77.09.

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

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg acquired 43,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. CICC Research started coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 target price for the company. Stifel Nicolaus dropped their price target on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Piper Sandler raised their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Telsey Advisory Group reaffirmed 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. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target 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.