Kestra Private Wealth Services LLC Lowers Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Kestra Private Wealth Services LLC trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,368 shares of the company’s stock after selling 272 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Estée Lauder Companies were worth $346,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $26,000. Sunbelt Securities Inc. raised its stake in shares of Estée Lauder Companies by 82.2% in the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after purchasing an additional 125 shares during the last quarter. Headinvest LLC acquired a new stake in shares of Estée Lauder Companies during the third quarter worth about $55,000. CVA Family Office LLC purchased a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $61,000. Finally, NBC Securities Inc. acquired a new position in Estée Lauder Companies in the 3rd quarter worth approximately $66,000. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $129.52 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $145.20 and its 200-day moving average price is $138.03. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $209.64. The company has a market cap of $46.43 billion, a P/E ratio of 72.76, a P/E/G ratio of 3.50 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EL shares. The Goldman Sachs Group initiated coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They issued a “neutral” rating and a $145.00 price objective on the stock. Morgan Stanley downgraded Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $164.00 to $140.00 in a research note on Friday, May 3rd. JPMorgan Chase & Co. reduced their price target on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Oppenheimer restated a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Finally, Barclays cut their target price on shares of Estée Lauder Companies from $150.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $160.92.

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