William Blair Investment Management LLC Trims Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

William Blair Investment Management LLC reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436,246 shares of the company’s stock after selling 49,421 shares during the quarter. William Blair Investment Management LLC owned about 0.12% of The Estée Lauder Companies worth $116,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new stake in shares of The Estée Lauder Companies during the fourth quarter worth $27,000. International Assets Investment Management LLC bought a new stake in shares of The Estée Lauder Companies during the fourth quarter worth $28,000. NEXT Financial Group Inc bought a new stake in shares of The Estée Lauder Companies during the third quarter worth $45,000. Kinloch Capital LLC bought a new stake in shares of The Estée Lauder Companies during the fourth quarter worth $52,000. Finally, Addison Advisors LLC bought a new stake in shares of The Estée Lauder Companies during the fourth quarter worth $53,000. 54.98% of the stock is owned by hedge funds and other institutional investors.

EL has been the subject of several recent research reports. Morgan Stanley lifted their price objective on The Estée Lauder Companies from $312.00 to $331.00 and gave the company an “overweight” rating in a report on Monday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on The Estée Lauder Companies from $239.00 to $258.00 in a report on Monday, December 28th. TheStreet upgraded The Estée Lauder Companies from a “c+” rating to a “b” rating in a report on Monday, November 2nd. Piper Sandler lifted their price objective on The Estée Lauder Companies from $257.00 to $280.00 in a report on Monday, December 14th. Finally, Wells Fargo & Company lifted their price objective on The Estée Lauder Companies from $265.00 to $290.00 and gave the company an “equal weight” rating in a report on Monday, February 8th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $275.05.

The Estée Lauder Companies stock opened at $285.45 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 1.10. The Estée Lauder Companies Inc. has a 52 week low of $137.01 and a 52 week high of $297.55. The company has a market capitalization of $103.55 billion, a price-to-earnings ratio of 174.06, a price-to-earnings-growth ratio of 3.76 and a beta of 0.87. The stock has a 50-day moving average price of $262.29 and a 200 day moving average price of $238.59.

The Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, February 4th. The company reported $2.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.92. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that The Estée Lauder Companies Inc. will post 5.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Friday, February 26th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 25th. The Estée Lauder Companies’s dividend payout ratio (DPR) is 51.46%.

The Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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

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