Truist Financial Corp Has $4.50 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Truist Financial Corp decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 47.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,797 shares of the company’s stock after selling 27,940 shares during the period. Truist Financial Corp’s holdings in Estée Lauder Companies were worth $4,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EL. Vanguard Group Inc. grew its holdings in shares of Estée Lauder Companies by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 18,626,625 shares of the company’s stock valued at $2,692,479,000 after purchasing an additional 140,488 shares during the last quarter. FMR LLC grew its stake in shares of Estée Lauder Companies by 35.4% during the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after buying an additional 1,387,271 shares during the last quarter. Morgan Stanley increased its holdings in shares of Estée Lauder Companies by 6.0% during the third quarter. Morgan Stanley now owns 4,483,459 shares of the company’s stock worth $648,085,000 after buying an additional 254,198 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Estée Lauder Companies by 68.5% in the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after acquiring an additional 1,512,982 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Estée Lauder Companies by 5.8% during the 3rd quarter. Northern Trust Corp now owns 2,521,451 shares of the company’s stock valued at $364,476,000 after acquiring an additional 137,546 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Trading Down 1.5 %

EL opened at $132.94 on Monday. The company has a fifty day moving average price of $145.88 and a two-hundred day moving average price of $138.15. The Estée Lauder Companies Inc. has a 1-year low of $102.22 and a 1-year high of $209.64. The company has a market cap of $47.66 billion, a P/E ratio of 74.69, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $0.47 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s payout ratio is currently 148.32%.

Wall Street Analyst Weigh In

EL has been the subject of a number of recent research reports. Canaccord Genuity Group lowered their target price on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a report on Thursday. StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a report on Thursday. Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. DA Davidson reaffirmed a “buy” rating and set a $191.00 price target on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Finally, Citigroup upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.92.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.