Zevin Asset Management LLC Sells 4,295 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Zevin Asset Management LLC lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,739 shares of the company’s stock after selling 4,295 shares during the period. Zevin Asset Management LLC’s holdings in Estée Lauder Companies were worth $5,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Estée Lauder Companies by 9.5% during the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after purchasing an additional 913,470 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after purchasing an additional 2,533,006 shares during the last quarter. Van ECK Associates Corp grew its holdings in Estée Lauder Companies by 23.6% during the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock valued at $374,630,000 after purchasing an additional 954,493 shares during the last quarter. Geode Capital Management LLC grew its holdings in Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after purchasing an additional 70,307 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock valued at $222,807,000 after purchasing an additional 1,330,840 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Up 2.7 %

Shares of NYSE EL opened at $66.64 on Friday. The stock has a market cap of $23.92 billion, a PE ratio of -34.17, a PEG ratio of 6.09 and a beta of 1.08. The business has a fifty day moving average of $73.54 and a two-hundred day moving average of $78.84. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $155.73. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (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 company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the business earned $0.88 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. Estée Lauder Companies’s dividend payout ratio is -71.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson reiterated a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Barclays lowered their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Piper Sandler raised their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group lowered their price objective on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, UBS Group raised their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $86.00.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. This represents a 41.64 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

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