The Estée Lauder Companies Inc. (NYSE:EL) Stake Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,277 shares of the company’s stock after selling 1,842 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Estée Lauder Companies were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Moreno Evelyn V raised its holdings in shares of Estée Lauder Companies by 0.5% during the third quarter. Moreno Evelyn V now owns 16,492 shares of the company’s stock worth $2,384,000 after acquiring an additional 75 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in shares of Estée Lauder Companies by 42.7% during the 3rd quarter. Washington Trust Advisors Inc. now owns 324 shares of the company’s stock worth $47,000 after purchasing an additional 97 shares in the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in shares of Estée Lauder Companies by 6.8% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 1,560 shares of the company’s stock valued at $228,000 after buying an additional 100 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of Estée Lauder Companies by 6.4% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,773 shares of the company’s stock valued at $256,000 after buying an additional 106 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in Estée Lauder Companies by 8.1% in the third quarter. Insigneo Advisory Services LLC now owns 1,533 shares of the company’s stock worth $222,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock opened at $147.42 on Tuesday. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $255.80. 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 firm has a market cap of $52.85 billion, a P/E ratio of 113.40, a price-to-earnings-growth ratio of 3.78 and a beta of 1.07. The firm’s 50-day simple moving average is $146.61 and its 200-day simple moving average is $138.07.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter last year, the company earned $1.54 EPS. Estée Lauder Companies’s revenue was down 7.4% on a year-over-year basis. As a group, research analysts expect that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 203.08%.

Analyst Upgrades and Downgrades

Several analysts have commented on EL shares. Deutsche Bank Aktiengesellschaft downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 target price for the company. in a research report on Tuesday, January 2nd. The Goldman Sachs Group initiated coverage on Estée Lauder Companies in a report on Friday, March 1st. They set a “neutral” rating and a $145.00 target price on the stock. Raymond James upped their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 6th. Wells Fargo & Company boosted their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, StockNews.com downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $168.00.

About Estée Lauder Companies

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.