Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $123,000 Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,640 shares of the company’s stock after selling 380 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Estée Lauder Companies were worth $123,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centre Asset Management LLC acquired a new position in Estée Lauder Companies in the 4th quarter worth about $8,585,000. Franklin Resources Inc. increased its holdings in Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after buying an additional 45,687 shares during the last quarter. Harrell Investment Partners LLC raised its position in Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock valued at $771,000 after acquiring an additional 3,524 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after acquiring an additional 2,533,006 shares during the last quarter. Finally, Paloma Partners Management Co grew its position in Estée Lauder Companies by 729.4% in the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock worth $4,735,000 after acquiring an additional 41,773 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EL has been the topic of a number of recent research reports. Piper Sandler raised their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Telsey Advisory Group restated a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Morgan Stanley cut 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 note on Thursday. Finally, Stifel Nicolaus decreased their target price on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.00.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were bought 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 of the company’s stock, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Akhil Shrivastava bought 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price 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 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 acquired 196,700 shares of company stock valued at $12,762,093 over the last quarter. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $65.09 on Monday. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.54. The company has a market capitalization of $23.36 billion, a P/E ratio of -33.38, a P/E/G ratio of 5.43 and a beta of 1.03. The stock has a 50 day moving average of $76.72 and a two-hundred day moving average of $82.89. The company has a current ratio of 1.37, a quick ratio of 0.90 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the business earned $0.88 earnings per share. Estée Lauder Companies’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts expect that The Estée Lauder Companies Inc. will post 1.37 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.15%. Estée Lauder Companies’s payout ratio is currently -71.79%.

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, and powders, as well as compacts, brushes, and other makeup tools.