Assenagon Asset Management S.A. Has $3.79 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Assenagon Asset Management S.A. trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 85.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,470 shares of the company’s stock after selling 346,747 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Estée Lauder Companies were worth $3,793,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators raised its stake in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Estée Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after acquiring an additional 154 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Estée Lauder Companies during the fourth quarter worth $50,000. Farther Finance Advisors LLC raised its stake in Estée Lauder Companies by 41.0% during the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company’s stock worth $53,000 after acquiring an additional 229 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Estée Lauder Companies by 58.4% during the first quarter. UMB Bank n.a. now owns 906 shares of the company’s stock worth $60,000 after acquiring an additional 334 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $67.23 on Monday. The business’s 50-day simple moving average is $61.78 and its 200 day simple moving average is $68.88. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of -34.48, a P/E/G ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $115.82. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 earnings per share. As a group, research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies’s payout ratio is -57.85%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EL. B. Riley reiterated a “neutral” rating and set a $60.00 price objective (down from $70.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. UBS Group increased their price objective on Estée Lauder Companies from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price objective on Estée Lauder Companies from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Barclays increased their target price on Estée Lauder Companies from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.15.

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