Long Road Investment Counsel LLC Sells 500 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Long Road Investment Counsel LLC decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,884 shares of the company’s stock after selling 500 shares during the quarter. Estée Lauder Companies comprises 1.0% of Long Road Investment Counsel LLC’s investment portfolio, making the stock its 29th largest holding. Long Road Investment Counsel LLC’s holdings in Estée Lauder Companies were worth $2,541,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EL. Ameliora Wealth Management Ltd. bought a new stake in Estée Lauder Companies during the fourth quarter worth approximately $29,000. Deseret Mutual Benefit Administrators boosted its position in Estée Lauder Companies by 68.7% during the fourth 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 period. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies during the fourth quarter worth approximately $30,000. Eagle Bay Advisors LLC boosted its position in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Activity

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

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock opened at $68.97 on Tuesday. 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 stock has a fifty day moving average price of $73.45 and a two-hundred day moving average price of $78.49. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $155.73. The firm has a market capitalization of $24.76 billion, a P/E ratio of -35.37, a P/E/G ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, analysts anticipate 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. Stockholders of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.03%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EL. CICC Research began coverage on Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 target price for the company. Piper Sandler increased their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. UBS Group increased 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. Wells Fargo & Company increased their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group reduced their price objective 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. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.