The Estée Lauder Companies Inc. (NYSE:EL) Stake Decreased by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,405 shares of the company’s stock after selling 3,425 shares during the period. Truist Financial Corp’s holdings in Estée Lauder Companies were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EL. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $29,000. Eagle Bay Advisors LLC raised its holdings in Estée Lauder Companies by 297.0% during 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 in the last quarter. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies during the fourth quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies during the third quarter worth approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Estée Lauder Companies by 42.1% during 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 in the last quarter. Institutional investors own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. DA Davidson reissued a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a report on Tuesday. Wells Fargo & Company boosted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Piper Sandler upped their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.00.

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the 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 completion of the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies Trading Down 1.6 %

Shares of NYSE:EL opened at $71.83 on Friday. The stock has a market capitalization of $25.78 billion, a PE ratio of -36.83, a P/E/G ratio of 6.09 and a beta of 1.03. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.54. The firm has a fifty day moving average price of $74.55 and a 200 day moving average price of $80.47. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

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.