Gotham Asset Management LLC Cuts Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Gotham Asset Management LLC trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 45.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,252 shares of the company’s stock after selling 31,940 shares during the period. Gotham Asset Management LLC’s holdings in Estée Lauder Companies were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of EL. Czech National Bank lifted its stake in shares of Estée Lauder Companies by 6.6% during the fourth quarter. Czech National Bank now owns 50,614 shares of the company’s stock valued at $3,795,000 after buying an additional 3,145 shares during the period. Brookstone Capital Management boosted its holdings in shares of Estée Lauder Companies by 16.7% during the fourth quarter. Brookstone Capital Management now owns 2,950 shares of the company’s stock worth $221,000 after purchasing an additional 423 shares during the period. Assenagon Asset Management S.A. raised its stake in Estée Lauder Companies by 449.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 404,217 shares of the company’s stock valued at $30,308,000 after purchasing an additional 330,709 shares during the last quarter. Avanza Fonder AB bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth about $1,608,000. Finally, Premier Path Wealth Partners LLC lifted its position in Estée Lauder Companies by 19.6% during the 4th quarter. Premier Path Wealth Partners LLC now owns 15,923 shares of the company’s stock worth $1,194,000 after buying an additional 2,607 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EL. UBS Group boosted their target price on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Citigroup cut their target price on Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Morgan Stanley decreased their price target on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $75.20.

Estée Lauder Companies Stock Down 0.7%

EL opened at $63.63 on Friday. The business has a 50 day moving average price of $60.72 and a 200 day moving average price of $69.12. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The firm has a market cap of $22.84 billion, a P/E ratio of -32.63, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $139.34.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The business’s quarterly revenue was down 9.9% on a year-over-year basis. Research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.20%. Estée Lauder Companies’s payout ratio is -57.85%.

About Estée Lauder Companies

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.