The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG reduced its position in The Estée Lauder Companies Inc. (NYSE:EL) by 52.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,465 shares of the company’s stock after selling 10,488 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Estée Lauder Companies were worth $709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $29,000. Deseret Mutual Benefit Administrators raised 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 purchasing an additional 158 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies during the 4th quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after buying an additional 141 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paul J. Fribourg purchased 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Akhil Shrivastava acquired 700 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EL shares. Morgan Stanley reduced their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. DA Davidson restated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 25th. UBS Group lifted their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Twenty equities research 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, the company presently has an average rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $58.23 on Friday. The firm has a fifty day moving average of $70.90 and a 200-day moving average of $76.66. The Estée Lauder Companies Inc. has a 52-week low of $58.12 and a 52-week high of $150.04. 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 firm has a market capitalization of $20.90 billion, a P/E ratio of -29.86, a PEG ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. The firm 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 firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. As a group, analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 2.40%. 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 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.