Metis Global Partners LLC Has $1.31 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Metis Global Partners LLC reduced its position in The Estée Lauder Companies Inc. (NYSE:EL) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,956 shares of the company’s stock after selling 758 shares during the quarter. Metis Global Partners LLC’s holdings in Estée Lauder Companies were worth $1,310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EL. Concord Wealth Partners increased its stake in Estée Lauder Companies by 9.1% in the fourth quarter. Concord Wealth Partners now owns 1,173 shares of the company’s stock valued at $172,000 after acquiring an additional 98 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its stake in Estée Lauder Companies by 6.8% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 1,560 shares of the company’s stock worth $228,000 after purchasing an additional 100 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings 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 purchasing an additional 106 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Estée Lauder Companies by 8.1% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,533 shares of the company’s stock valued at $222,000 after purchasing an additional 115 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. raised its holdings in shares of Estée Lauder Companies by 8.6% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 1,549 shares of the company’s stock worth $227,000 after buying an additional 123 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EL has been the topic of a number of recent analyst reports. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Bernstein Bank lifted their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. Raymond James increased their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 6th. Bank of America upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their target price for the company from $160.00 to $170.00 in a research report on Thursday, March 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $155.00 price target on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. Seventeen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $160.92.

Estée Lauder Companies Stock Up 0.0 %

Shares of NYSE EL opened at $129.53 on Thursday. The Estée Lauder Companies Inc. has a 52-week low of $102.22 and a 52-week high of $207.44. The company’s 50 day moving average price is $145.20 and its 200-day moving average price is $138.03. The company has a market capitalization of $46.43 billion, a P/E ratio of 72.77, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts forecast that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 148.32%.

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.