Securian Asset Management Inc. Sells 361 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Securian Asset Management Inc. lessened its position in The Estée Lauder Companies Inc. (NYSE:EL) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,460 shares of the company’s stock after selling 361 shares during the period. Securian Asset Management Inc.’s holdings in Estée Lauder Companies were worth $934,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Estée Lauder Companies by 415.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,942 shares of the company’s stock valued at $146,000 after purchasing an additional 1,565 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Estée Lauder Companies during the fourth quarter worth $358,000. AGF Management Ltd. bought a new stake in shares of Estée Lauder Companies during the fourth quarter worth $213,000. Markel Group Inc. increased its position in shares of Estée Lauder Companies by 7.1% during the fourth quarter. Markel Group Inc. now owns 15,000 shares of the company’s stock worth $1,125,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Channing Capital Management LLC increased its position in shares of Estée Lauder Companies by 43.5% during the fourth quarter. Channing Capital Management LLC now owns 96,366 shares of the company’s stock worth $7,226,000 after acquiring an additional 29,202 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE EL opened at $66.64 on Friday. The firm has a 50-day moving average of $73.54 and a 200-day moving average of $78.74. 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 market cap of $23.92 billion, a PE ratio of -34.17, a P/E/G ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $155.73.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is -71.79%.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares in the company, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EL shares. DA Davidson reissued a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their target price on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Piper Sandler increased their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Company 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.