Wellington Management Group LLP Trims Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Wellington Management Group LLP decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 19.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,569,262 shares of the company’s stock after selling 602,179 shares during the quarter. Wellington Management Group LLP’s holdings in Estée Lauder Companies were worth $192,643,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies during the 4th quarter worth approximately $29,000. Deseret Mutual Benefit Administrators boosted its holdings in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies during the fourth quarter worth $30,000. Eagle Bay Advisors LLC grew its stake in shares of Estée Lauder Companies by 297.0% during the 4th 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 period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction dated 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 completion of the transaction, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the transaction, 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. 12.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EL has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Piper Sandler upped their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $100.00 target price on shares of Estée Lauder Companies in a research report on Friday, January 31st. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Stock Up 1.2 %

Shares of NYSE:EL opened at $68.68 on Thursday. The company’s fifty day moving average is $71.34 and its two-hundred day moving average is $76.78. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $152.04. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of -35.22, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL) last issued its earnings results 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. 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 $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the company posted $0.88 earnings per share. Estée Lauder Companies’s revenue was down 6.4% on a year-over-year basis. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. Estée Lauder Companies’s payout ratio is currently -71.79%.

Estée Lauder Companies Company 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.