The Estée Lauder Companies Inc. (NYSE:EL) Stock Position Decreased by National Bank of Canada FI

National Bank of Canada FI decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,017 shares of the company’s stock after selling 17,051 shares during the quarter. National Bank of Canada FI’s holdings in Estée Lauder Companies were worth $10,186,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EL. Concord Wealth Partners grew its position in Estée Lauder Companies by 9.1% in the fourth quarter. Concord Wealth Partners now owns 1,173 shares of the company’s stock worth $172,000 after acquiring an additional 98 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position 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 buying an additional 100 shares during the last quarter. Belpointe Asset Management LLC increased its position in Estée Lauder Companies by 6.4% during the third quarter. Belpointe Asset Management LLC now owns 1,773 shares of the company’s stock worth $256,000 after buying an additional 106 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in shares of 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. Finally, BOK Financial Private Wealth Inc. increased 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 valued at $227,000 after acquiring an additional 123 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. Morgan Stanley downgraded Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $164.00 to $140.00 in a research report on Friday, May 3rd. StockNews.com upgraded Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Raymond James lifted their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 6th. Finally, Oppenheimer restated a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. Seventeen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Stock Up 0.0 %

Shares of NYSE:EL opened at $129.53 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The stock has a market cap of $46.43 billion, a price-to-earnings ratio of 72.77, a P/E/G ratio of 3.50 and a beta of 1.07. The company has a 50 day moving average of $145.20 and a 200-day moving average of $138.03. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $207.44.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.66 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.04%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Estée Lauder Companies 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.