Kestra Advisory Services LLC Sells 154 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Kestra Advisory Services LLC lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,668 shares of the company’s stock after selling 154 shares during the period. Kestra Advisory Services LLC’s holdings in Estée Lauder Companies were worth $1,224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its holdings in shares of Estée Lauder Companies by 3.3% in the 2nd quarter. Jennison Associates LLC now owns 6,583,205 shares of the company’s stock worth $1,676,545,000 after purchasing an additional 212,961 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Estée Lauder Companies by 2.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,493,915 shares of the company’s stock worth $889,795,000 after purchasing an additional 80,313 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Estée Lauder Companies by 12.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,939,702 shares of the company’s stock worth $748,654,000 after purchasing an additional 316,211 shares in the last quarter. Amundi increased its holdings in shares of Estée Lauder Companies by 12.7% in the 2nd quarter. Amundi now owns 1,702,269 shares of the company’s stock worth $415,321,000 after purchasing an additional 191,879 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Estée Lauder Companies by 5.2% in the 1st quarter. Capital International Investors now owns 1,579,880 shares of the company’s stock worth $430,522,000 after buying an additional 77,459 shares during the last quarter. Institutional investors own 55.74% of the company’s stock.

Estée Lauder Companies Trading Up 1.0 %

Shares of EL stock opened at $277.16 on Wednesday. The Estée Lauder Companies Inc. has a 12-month low of $186.47 and a 12-month high of $324.70. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average price is $245.09 and its 200-day moving average price is $241.69. The stock has a market capitalization of $98.89 billion, a price-to-earnings ratio of 46.27, a price-to-earnings-growth ratio of 5.15 and a beta of 0.95.

Estée Lauder Companies (NYSE:ELGet Rating) last issued its earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. Estée Lauder Companies had a return on equity of 41.46% and a net margin of 12.66%. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Equities research analysts predict that The Estée Lauder Companies Inc. will post 5.4 EPS for the current fiscal year.

Estée Lauder Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a dividend of $0.66 per share. This is a boost from Estée Lauder Companies’s previous quarterly dividend of $0.60. This represents a $2.64 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 29th. Estée Lauder Companies’s payout ratio is presently 44.07%.

Insiders Place Their Bets

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 11,705 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $270.00, for a total transaction of $3,160,350.00. Following the sale, the chief executive officer now directly owns 125,762 shares of the company’s stock, valued at $33,955,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EL has been the topic of a number of research reports. Berenberg Bank downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $323.00 to $220.00 in a research note on Monday, November 7th. Canaccord Genuity Group initiated coverage on Estée Lauder Companies in a research note on Thursday, November 17th. They issued a “hold” rating and a $228.00 price target on the stock. DA Davidson dropped their price target on Estée Lauder Companies from $318.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Morgan Stanley raised their price target on Estée Lauder Companies from $271.00 to $281.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 17th. Finally, Raymond James dropped their price target on Estée Lauder Companies from $280.00 to $245.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $269.48.

Estée Lauder Companies Profile

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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