Nuance Investments LLC lowered its position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 97.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,260 shares of the company’s stock after selling 139,748 shares during the quarter. Nuance Investments LLC’s holdings in Estee Lauder Companies were worth $341,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC bought a new stake in Estee Lauder Companies during the fourth quarter valued at $27,000. Flagship Harbor Advisors LLC bought a new stake in Estee Lauder Companies during the fourth quarter valued at $32,000. Hantz Financial Services Inc. boosted its position in Estee Lauder Companies by 80.6% during the third quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $33,000 after acquiring an additional 166 shares during the last quarter. N.E.W. Advisory Services LLC boosted its position in Estee Lauder Companies by 39.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new stake in Estee Lauder Companies during the third quarter valued at $39,000. Institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Price Performance
Shares of NYSE EL opened at $83.56 on Friday. The firm’s 50-day moving average price is $78.57 and its 200-day moving average price is $94.59. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64. The firm has a market capitalization of $30.23 billion, a P/E ratio of -119.38, a P/E/G ratio of 0.85 and a beta of 1.26. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71.
Estee Lauder Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 29th. Estee Lauder Companies’s dividend payout ratio is currently -200.00%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Weiss Ratings cut shares of Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Piper Sandler initiated coverage on shares of Estee Lauder Companies in a report on Friday, May 15th. They set an “overweight” rating and a $95.00 price objective on the stock. UBS Group upped their price objective on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Barclays upped their price objective on shares of Estee Lauder Companies from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Finally, Citigroup upped their price objective on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.63.
Check Out Our Latest Stock Report on EL
About Estee Lauder Companies
Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.
The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.
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