TrimTabs Asset Management LLC Trims Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

TrimTabs Asset Management LLC reduced its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,666 shares of the company’s stock after selling 48 shares during the quarter. The Estée Lauder Companies comprises approximately 1.1% of TrimTabs Asset Management LLC’s portfolio, making the stock its 11th biggest holding. TrimTabs Asset Management LLC’s holdings in The Estée Lauder Companies were worth $2,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EL. United Bank lifted its position in The Estée Lauder Companies by 2.2% during the third quarter. United Bank now owns 4,739 shares of the company’s stock worth $1,034,000 after buying an additional 103 shares during the period. ExodusPoint Capital Management LP lifted its position in The Estée Lauder Companies by 285.7% during the third quarter. ExodusPoint Capital Management LP now owns 18,068 shares of the company’s stock worth $3,943,000 after buying an additional 13,384 shares during the period. Eudaimonia Partners LLC lifted its position in The Estée Lauder Companies by 440.0% during the third quarter. Eudaimonia Partners LLC now owns 3,845 shares of the company’s stock worth $306,000 after buying an additional 3,133 shares during the period. State of Tennessee Treasury Department lifted its position in The Estée Lauder Companies by 39.0% during the third quarter. State of Tennessee Treasury Department now owns 64,253 shares of the company’s stock worth $14,023,000 after buying an additional 18,041 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in The Estée Lauder Companies during the third quarter worth about $451,000. Institutional investors and hedge funds own 54.98% of the company’s stock.

A number of research firms have recently commented on EL. Morgan Stanley raised their price objective on The Estée Lauder Companies from $312.00 to $331.00 and gave the stock an “overweight” rating in a report on Monday, March 1st. Piper Sandler raised their price objective on The Estée Lauder Companies from $257.00 to $280.00 in a report on Monday, December 14th. Jefferies Financial Group upgraded The Estée Lauder Companies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $310.00 in a report on Monday, February 8th. Royal Bank of Canada raised their price objective on The Estée Lauder Companies from $271.00 to $314.00 and gave the stock an “outperform” rating in a report on Tuesday, February 9th. Finally, Smith Barney Citigroup raised their price objective on The Estée Lauder Companies from $239.00 to $258.00 in a report on Monday, December 28th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Estée Lauder Companies has a consensus rating of “Buy” and a consensus price target of $283.55.

In related news, major shareholder Lal Family Partners Lp sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $282.19, for a total value of $564,380,000.00. Also, Director Irvine O. Hockaday, Jr. sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $295.55, for a total value of $886,650.00. In the last quarter, insiders sold 2,114,149 shares of company stock valued at $597,578,500. Insiders own 13.95% of the company’s stock.

NYSE EL traded up $2.66 during mid-day trading on Thursday, reaching $297.79. 6,998 shares of the company’s stock traded hands, compared to its average volume of 1,469,207. The Estée Lauder Companies Inc. has a 1-year low of $156.31 and a 1-year high of $299.74. The company has a fifty day simple moving average of $289.05 and a 200-day simple moving average of $255.31. The company has a current ratio of 1.85, a quick ratio of 1.39 and a debt-to-equity ratio of 1.10. The company has a market cap of $108.03 billion, a price-to-earnings ratio of 179.96, a P/E/G ratio of 3.76 and a beta of 0.87.

The Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, February 4th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.92. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.49 billion. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The Estée Lauder Companies’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.11 EPS. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 5.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were given a $0.53 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $2.12 annualized dividend and a dividend yield of 0.71%. The Estée Lauder Companies’s payout ratio is 51.46%.

The Estée Lauder Companies Company 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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