The Estée Lauder Companies Inc. (NYSE:EL) Stock Position Lowered by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its position in The Estée Lauder Companies Inc. (NYSE:EL) by 37.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,654 shares of the company’s stock after selling 3,915 shares during the quarter. Fisher Asset Management LLC’s holdings in Estée Lauder Companies were worth $973,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Concord Wealth Partners increased its stake in shares of Estée Lauder Companies by 9.1% during the 4th quarter. Concord Wealth Partners now owns 1,173 shares of the company’s stock worth $172,000 after purchasing an additional 98 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of Estée Lauder Companies by 6.8% during the 4th 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 increased its stake in shares of Estée Lauder Companies by 6.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,773 shares of the company’s stock worth $256,000 after purchasing an additional 106 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Estée Lauder Companies by 8.1% during the 3rd quarter. Insigneo Advisory Services LLC now owns 1,533 shares of the company’s stock worth $222,000 after purchasing an additional 115 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its stake 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 purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

NYSE:EL opened at $131.66 on Friday. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $204.41. The company has a market capitalization of $47.20 billion, a price-to-earnings ratio of 73.97, a PEG ratio of 3.50 and a beta of 1.07. The company has a 50-day moving average of $144.85 and a 200-day moving average of $137.97. 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 announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (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 firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

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 issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Analyst Ratings Changes

Several brokerages have recently commented on EL. Royal Bank of Canada increased their price target on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” 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 note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Morgan Stanley lowered shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $164.00 to $140.00 in a research note on Friday, May 3rd. Finally, Citigroup 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 $175.00 in a research note on Tuesday, April 2nd. Seventeen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.92.

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.