Rockefeller Capital Management L.P. Lowers Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Rockefeller Capital Management L.P. reduced its position in The Estée Lauder Companies Inc. (NYSE:EL) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,550 shares of the company’s stock after selling 5,786 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Estée Lauder Companies were worth $1,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quinn Opportunity Partners LLC grew its holdings in shares of Estée Lauder Companies by 174.6% in the fourth quarter. Quinn Opportunity Partners LLC now owns 72,284 shares of the company’s stock valued at $5,420,000 after purchasing an additional 45,958 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in Estée Lauder Companies by 2,329.9% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 6,342 shares of the company’s stock valued at $476,000 after buying an additional 6,081 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Estée Lauder Companies by 4.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 113,606 shares of the company’s stock worth $8,518,000 after acquiring an additional 5,220 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Estée Lauder Companies by 19.7% during the fourth quarter. Bessemer Group Inc. now owns 2,792 shares of the company’s stock worth $209,000 after acquiring an additional 460 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of Estée Lauder Companies by 274.5% in the fourth quarter. APG Asset Management N.V. now owns 178,052 shares of the company’s stock valued at $12,893,000 after acquiring an additional 130,504 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on EL shares. 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 target price for the company. Morgan Stanley lowered their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Citigroup reduced their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Piper Sandler boosted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus dropped their price objective on shares of Estée Lauder Companies from $77.00 to $67.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $81.57.

Insider Activity at Estée Lauder Companies

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

Estée Lauder Companies Trading Down 0.2 %

NYSE:EL opened at $54.38 on Tuesday. The company has a market capitalization of $19.52 billion, a PE ratio of -27.89, a P/E/G ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $149.91. The stock’s 50 day moving average price is $64.81 and its 200 day moving average price is $72.73. 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 announced its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. On average, research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.57%. Estée Lauder Companies’s dividend payout ratio (DPR) is -71.79%.

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.