The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA cut its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,377 shares of the company’s stock after selling 115 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Estée Lauder Companies were worth $640,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Estée Lauder Companies by 0.8% during the third quarter. Vanguard Group Inc. now owns 18,626,625 shares of the company’s stock valued at $2,692,479,000 after acquiring an additional 140,488 shares in the last quarter. FMR LLC grew its stake in shares of Estée Lauder Companies by 35.4% during the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after acquiring an additional 1,387,271 shares in the last quarter. Morgan Stanley lifted its position in shares of Estée Lauder Companies by 6.0% during the third quarter. Morgan Stanley now owns 4,483,459 shares of the company’s stock worth $648,085,000 after purchasing an additional 254,198 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Estée Lauder Companies by 68.5% during the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after purchasing an additional 1,512,982 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Estée Lauder Companies by 5.8% during the third quarter. Northern Trust Corp now owns 2,521,451 shares of the company’s stock worth $364,476,000 after purchasing an additional 137,546 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Price Performance

NYSE EL traded up $0.71 on Friday, reaching $132.37. The company’s stock had a trading volume of 725,232 shares, compared to its average volume of 2,776,189. The firm has a market cap of $47.45 billion, a PE ratio of 74.34, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07. The business has a 50-day moving average price of $144.51 and a 200 day moving average price of $137.93. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $204.41. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL) last released its quarterly 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. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is 148.31%.

Analyst Upgrades and Downgrades

EL has been the topic of several research analyst reports. Morgan Stanley cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $164.00 to $140.00 in a research report on Friday, May 3rd. Telsey Advisory Group reissued a “market perform” rating and issued a $155.00 target price on shares of Estée Lauder Companies in a report on Wednesday, May 1st. Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. Wells Fargo & Company raised their target price on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, Canaccord Genuity Group cut their target price 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, May 2nd. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies 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.