Rhumbline Advisers Reduces Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Rhumbline Advisers lowered its position in The Estée Lauder Companies Inc. (NYSE:EL) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 447,133 shares of the company’s stock after selling 5,112 shares during the quarter. Rhumbline Advisers owned about 0.12% of Estée Lauder Companies worth $33,526,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EL. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Estée Lauder Companies by 3.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,124 shares of the company’s stock valued at $2,405,000 after acquiring an additional 787 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Estée Lauder Companies by 32.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,502 shares of the company’s stock worth $1,446,000 after purchasing an additional 3,562 shares during the last quarter. Everence Capital Management Inc. boosted its stake in shares of Estée Lauder Companies by 140.1% during the third quarter. Everence Capital Management Inc. now owns 5,690 shares of the company’s stock valued at $567,000 after purchasing an additional 3,320 shares during the period. U S Global Investors Inc. grew its holdings in shares of Estée Lauder Companies by 500.0% in the third quarter. U S Global Investors Inc. now owns 6,000 shares of the company’s stock worth $598,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Home Federal Bank of Tennessee increased its stake in Estée Lauder Companies by 5.7% in the 3rd quarter. Home Federal Bank of Tennessee now owns 9,228 shares of the company’s stock worth $920,000 after buying an additional 500 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Estée Lauder Companies Stock Up 5.1 %

EL stock opened at $72.20 on Wednesday. The stock has a market capitalization of $25.92 billion, a PE ratio of -37.02, a price-to-earnings-growth ratio of 5.43 and a beta of 1.03. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The firm has a 50 day moving average of $75.60 and a 200 day moving average of $81.50.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is -71.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EL shares. Telsey Advisory Group restated a “market perform” rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group lowered their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. CICC Research initiated coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 price target on the stock. Finally, Bank of America lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.00.

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