Wendell David Associates Inc. Has $407,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Wendell David Associates Inc. decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,427 shares of the company’s stock after selling 780 shares during the period. Wendell David Associates Inc.’s holdings in Estée Lauder Companies were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EL. State Street Corp lifted its position in shares of Estée Lauder Companies by 9.5% during the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after purchasing an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares in the last quarter. Geode Capital Management LLC boosted its position in Estée Lauder Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after buying an additional 70,307 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Estée Lauder Companies by 36.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after acquiring an additional 1,310,900 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Activity

In related news, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Fribourg acquired 75,500 shares of Estée Lauder Companies stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the purchase, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Trading Up 1.2 %

Shares of EL stock opened at $79.75 on Thursday. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The company has a market capitalization of $28.63 billion, a PE ratio of 142.41, a price-to-earnings-growth ratio of 5.44 and a beta of 1.02. The firm has a 50 day moving average price of $74.35 and a two-hundred day moving average price of $84.96. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. As a group, analysts predict that The Estée Lauder Companies Inc. will post 1.51 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.76%. Estée Lauder Companies’s dividend payout ratio is presently 250.00%.

Analyst Upgrades and Downgrades

EL has been the topic of several analyst reports. TD Cowen cut their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 1st. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Piper Sandler raised their target price on Estée Lauder Companies from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Twenty investment 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, the company has a consensus rating of “Hold” and an average target price of $93.68.

Estée Lauder Companies Profile

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.