M&T Bank Corp Reduces Position in The Estée Lauder Companies Inc. (NYSE:EL)

M&T Bank Corp cut its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,130 shares of the company’s stock after selling 8,233 shares during the quarter. M&T Bank Corp’s holdings in Estée Lauder Companies were worth $10,988,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in Estée Lauder Companies during the fourth quarter worth $26,000. Exchange Traded Concepts LLC grew its stake in Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after purchasing an additional 266 shares in the last quarter. Sunbelt Securities Inc. raised its position in Estée Lauder Companies by 82.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after purchasing an additional 125 shares in the last quarter. Headinvest LLC acquired a new position in Estée Lauder Companies during the 3rd quarter worth approximately $55,000. Finally, CVA Family Office LLC acquired a new stake in shares of Estée Lauder Companies in the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

EL has been the topic of several recent analyst reports. Bernstein Bank increased their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Telsey Advisory Group restated a “market perform” rating and issued a $155.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Royal Bank of Canada lifted their price target on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. Finally, Canaccord Genuity Group reduced their price target on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a report on Thursday. Seventeen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Trading Down 1.5 %

NYSE EL opened at $132.94 on Monday. The firm has a market capitalization of $47.66 billion, a price-to-earnings ratio of 74.69, a PEG ratio of 3.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $209.64. The company’s 50 day moving average price is $145.88 and its 200 day moving average price is $138.15.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. Estée Lauder Companies’s dividend payout ratio (DPR) is 148.32%.

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