Chevy Chase Trust Holdings LLC Reduces Position in The Estée Lauder Companies Inc. (NYSE:EL)

Chevy Chase Trust Holdings LLC cut its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,103 shares of the company’s stock after selling 2,689 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Estée Lauder Companies were worth $9,230,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EL. Ashton Thomas Securities LLC purchased a new position in Estée Lauder Companies in the third quarter worth about $31,000. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies in the fourth quarter worth about $29,000. Golden State Wealth Management LLC purchased a new position in Estée Lauder Companies in the fourth quarter worth about $30,000. Eagle Bay Advisors LLC boosted its position in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Estée Lauder Companies

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

Estée Lauder Companies Stock Performance

NYSE EL opened at $68.80 on Monday. The stock has a market capitalization of $24.70 billion, a PE ratio of -35.28, a P/E/G ratio of 5.43 and a beta of 1.03. The business has a 50 day simple moving average of $75.85 and a two-hundred day simple moving average of $81.82. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.54.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.37 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is -71.79%.

Wall Street Analyst Weigh In

EL has been the topic of several research reports. TD Cowen dropped their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Barclays decreased their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Piper Sandler raised their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, February 5th. Finally, Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.00.

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.