Deutsche Bank AG Sells 266,249 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Deutsche Bank AG lessened its position in The Estée Lauder Companies Inc. (NYSE:EL) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,348,310 shares of the company’s stock after selling 266,249 shares during the period. Deutsche Bank AG’s holdings in Estée Lauder Companies were worth $101,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EL. Vanguard Group Inc. raised its stake in shares of Estée Lauder Companies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock worth $2,025,532,000 after purchasing an additional 2,344,210 shares during the last quarter. FMR LLC lifted its position in Estée Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company’s stock valued at $1,078,406,000 after purchasing an additional 8,930,011 shares during the period. Independent Franchise Partners LLP grew its position in Estée Lauder Companies by 45.5% in the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company’s stock worth $589,205,000 after purchasing an additional 2,458,379 shares during the period. Capital World Investors bought a new position in shares of Estée Lauder Companies during the 4th quarter valued at $554,509,000. Finally, Invesco Ltd. boosted its stake in shares of Estée Lauder Companies by 148.9% in the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company’s stock worth $410,984,000 after buying an additional 3,278,632 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the subject of a number of research reports. Citigroup reduced their price objective on Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company lowered their price objective on shares of Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Telsey Advisory Group restated a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a research report on Thursday, May 1st. Finally, Barclays reduced their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.20.

Estée Lauder Companies Trading Down 0.4%

Shares of EL stock opened at $61.00 on Monday. 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 stock has a fifty day simple moving average of $61.33 and a two-hundred day simple moving average of $69.51. The firm has a market capitalization of $21.90 billion, a PE ratio of -31.28, a PEG ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $139.34.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.36. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. On average, analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -57.85%.

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