Dover Advisors LLC Has $300,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

Dover Advisors LLC reduced its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 21.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,546 shares of the company’s stock after selling 1,245 shares during the period. Dover Advisors LLC’s holdings in Estée Lauder Companies were worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators increased its holdings in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Estée Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock valued at $36,000 after purchasing an additional 154 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of Estée Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company’s stock valued at $44,000 after purchasing an additional 359 shares during the last quarter. Quent Capital LLC grew its stake in shares of Estée Lauder Companies by 278.2% in the fourth quarter. Quent Capital LLC now owns 658 shares of the company’s stock valued at $49,000 after acquiring an additional 484 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Estée Lauder Companies in the fourth quarter valued at about $50,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $67.23 on Friday. The company has a fifty day moving average of $61.78 and a 200-day moving average of $68.95. The firm has a market capitalization of $24.19 billion, a P/E ratio of -34.48, a P/E/G ratio of 6.09 and a beta of 1.12. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $115.82.

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, beating the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 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 revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies’s payout ratio is currently -57.85%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Canaccord Genuity Group decreased their price target on shares of Estée Lauder Companies from $70.00 to $62.00 and set a “hold” rating on the stock in a research note on Tuesday, April 29th. B. Riley reaffirmed a “neutral” rating and issued a $60.00 price objective (down from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Finally, Citigroup dropped their price objective on Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.15.

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