Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $3.44 Million Position 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 16.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,501 shares of the company’s stock after selling 4,703 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Estée Lauder Companies were worth $3,437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EL. MCF Advisors LLC grew its holdings in shares of Estée Lauder Companies by 207.9% during the 4th quarter. MCF Advisors LLC now owns 585 shares of the company’s stock worth $86,000 after purchasing an additional 395 shares in the last quarter. LRT Capital Management LLC acquired a new stake in Estée Lauder Companies during the fourth quarter worth approximately $853,000. Lindbrook Capital LLC grew its stake in Estée Lauder Companies by 1.8% in the fourth quarter. Lindbrook Capital LLC now owns 17,092 shares of the company’s stock valued at $2,500,000 after acquiring an additional 294 shares during the period. abrdn plc boosted its position in shares of Estée Lauder Companies by 15.0% during the fourth quarter. abrdn plc now owns 304,823 shares of the company’s stock valued at $44,580,000 after buying an additional 39,738 shares during the last quarter. Finally, Vantage Investment Partners LLC lifted its holdings in Estée Lauder Companies by 633.8% during the fourth quarter. Vantage Investment Partners LLC now owns 186,666 shares of the company’s stock worth $27,300,000 after acquiring an additional 161,227 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

Shares of EL stock traded up $1.32 on Tuesday, hitting $148.74. 902,343 shares of the stock were exchanged, compared to its average volume of 2,641,744. The firm has a market capitalization of $53.32 billion, a PE ratio of 113.40, a P/E/G ratio of 3.78 and a beta of 1.07. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $146.61 and its two-hundred day moving average is $138.07. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $255.80.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.77%. Estée Lauder Companies’s dividend payout ratio is currently 203.08%.

Analysts Set New Price Targets

Several analysts have issued reports on EL shares. Deutsche Bank Aktiengesellschaft lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 target price on the stock. in a research note on Tuesday, January 2nd. The Goldman Sachs Group started coverage on Estée Lauder Companies in a research report on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Estée Lauder Companies from $150.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Finally, StockNews.com lowered Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $168.00.

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