The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Nan Shan Life Insurance Co. Ltd.

Nan Shan Life Insurance Co. Ltd. cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,011 shares of the company’s stock after selling 311 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in Estée Lauder Companies were worth $1,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NorthRock Partners LLC acquired a new position in Estée Lauder Companies during the fourth quarter valued at approximately $314,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at about $263,000. OMERS ADMINISTRATION Corp lifted its position in Estée Lauder Companies by 20.2% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,695 shares of the company’s stock worth $727,000 after acquiring an additional 1,626 shares in the last quarter. Michelson Medical Research Foundation Inc. purchased a new position in Estée Lauder Companies in the 4th quarter worth approximately $5,998,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $470,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and issued a $75.00 target price (down from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $76.00 price target on shares of Estée Lauder Companies in a research note on Thursday, May 1st. Wells Fargo & Company cut their price target on shares of Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Barclays dropped their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Morgan Stanley reduced their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.20.

Estée Lauder Companies Trading Up 0.2%

Shares of NYSE:EL opened at $65.46 on Wednesday. The firm has a fifty day moving average price of $61.08 and a 200 day moving average price of $69.33. The stock has a market capitalization of $23.50 billion, a PE ratio of -33.57, a P/E/G ratio of 6.09 and a beta of 1.12. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $139.34.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.36. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. 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 prior year, the firm earned $0.97 EPS. The company’s revenue was down 9.9% on a year-over-year basis. Analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS 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 16th. Investors of record on Friday, May 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies’s dividend 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.