Corient Private Wealth LLC Sells 30,021 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Corient Private Wealth LLC reduced its holdings in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,426 shares of the company’s stock after selling 30,021 shares during the quarter. Corient Private Wealth LLC owned approximately 0.07% of Estée Lauder Companies worth $34,606,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Estée Lauder Companies by 96,738.6% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 649,839,437 shares of the company’s stock worth $127,615,469,000 after acquiring an additional 649,168,383 shares during the period. State Street Corp raised its stake in shares of Estée Lauder Companies by 1.9% in the second quarter. State Street Corp now owns 10,019,387 shares of the company’s stock valued at $1,967,607,000 after buying an additional 184,641 shares during the period. Morgan Stanley raised its stake in shares of Estée Lauder Companies by 20.0% in the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock valued at $1,739,070,000 after buying an additional 1,167,553 shares during the period. Royal Bank of Canada raised its stake in shares of Estée Lauder Companies by 3.1% in the second quarter. Royal Bank of Canada now owns 4,867,672 shares of the company’s stock valued at $955,912,000 after buying an additional 146,006 shares during the period. Finally, Capital International Investors raised its stake in shares of Estée Lauder Companies by 115.1% in the second quarter. Capital International Investors now owns 4,584,843 shares of the company’s stock valued at $900,212,000 after buying an additional 2,453,830 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EL has been the topic of a number of analyst reports. StockNews.com initiated coverage on Estée Lauder Companies in a research note on Thursday, October 5th. They set a “sell” rating on the stock. Royal Bank of Canada lowered Estée Lauder Companies from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $195.00 to $115.00 in a research note on Thursday, November 2nd. Morgan Stanley decreased their price objective on Estée Lauder Companies from $200.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price objective on the stock. in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Estée Lauder Companies from $118.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $176.63.

Get Our Latest Research Report on Estée Lauder Companies

Estée Lauder Companies Trading Up 1.7 %

EL traded up $2.14 during midday trading on Friday, reaching $130.80. 3,077,454 shares of the company’s stock traded hands, compared to its average volume of 2,807,724. The firm has a fifty day moving average of $134.96 and a two-hundred day moving average of $146.25. The stock has a market capitalization of $46.81 billion, a price-to-earnings ratio of 86.05, a P/E/G ratio of 3.90 and a beta of 1.06. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.45 and a quick ratio of 0.97. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $283.62.

Estée Lauder Companies (NYSE:ELGet Free Report) last announced its earnings results on Wednesday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.33. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.53 billion. Estée Lauder Companies had a return on equity of 13.93% and a net margin of 3.54%. The business’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. On average, equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.31 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, November 29th. This represents a $2.64 annualized dividend and a dividend yield of 2.02%. Estée Lauder Companies’s payout ratio is 173.69%.

Estée Lauder Companies Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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