S&CO Inc. Sells 3,265 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

S&CO Inc. reduced its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,424 shares of the company’s stock after selling 3,265 shares during the quarter. S&CO Inc.’s holdings in Estée Lauder Companies were worth $4,155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Peterson Wealth Services raised its position in Estée Lauder Companies by 9.8% in the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock valued at $113,000 after purchasing an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the last quarter. Blue Trust Inc. raised its position in Estée Lauder Companies by 8.7% in the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock valued at $139,000 after purchasing an additional 148 shares during the last quarter. Farther Finance Advisors LLC raised its position in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after purchasing an additional 151 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Estée Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock valued at $36,000 after purchasing an additional 154 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EL has been the subject of several research reports. Piper Sandler increased their target price 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 target price 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 target price 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. DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Trading Down 1.8 %

NYSE EL opened at $72.00 on Tuesday. The business has a 50 day simple moving average of $74.11 and a 200 day simple moving average of $79.39. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The stock has a market capitalization of $25.85 billion, a P/E ratio of -36.92, a P/E/G 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.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS 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 firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.94%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In other news, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost 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 trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

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.