Stratos Wealth Partners LTD. Trims Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Stratos Wealth Partners LTD. trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 43.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,553 shares of the company’s stock after selling 8,267 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Estée Lauder Companies were worth $1,543,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EL. Norges Bank purchased a new position in Estée Lauder Companies during the fourth quarter valued at approximately $858,070,000. Lazard Asset Management LLC raised its position in 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 valued at $537,850,000 after acquiring an additional 1,512,982 shares in the last quarter. FMR LLC raised its position in 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 raised its position in Estée Lauder Companies by 20.0% during the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock valued at $1,739,070,000 after acquiring an additional 1,167,553 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Estée Lauder Companies by 132.4% during the third quarter. Van ECK Associates Corp now owns 1,735,740 shares of the company’s stock valued at $250,901,000 after acquiring an additional 988,829 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $148.55 on Wednesday. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $260.46. The company has a market cap of $53.25 billion, a price-to-earnings ratio of 114.27, a PEG ratio of 3.76 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The business’s 50 day moving average price is $146.44 and its 200 day moving average price is $138.09.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter last year, the business posted $1.54 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. On average, research analysts predict that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.78%. Estée Lauder Companies’s payout ratio is 203.08%.

Analysts Set New Price Targets

Several research analysts recently weighed in on EL shares. Deutsche Bank Aktiengesellschaft cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price target for the company. in a research report on Tuesday, January 2nd. Raymond James raised their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 6th. DA Davidson reissued a “buy” rating and issued a $179.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, April 2nd. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $160.00 to $170.00 in a report on Thursday, March 28th. Finally, Telsey Advisory Group raised their price objective on Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $166.46.

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.