Calamos Advisors LLC Cuts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Calamos Advisors LLC lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,522 shares of the company’s stock after selling 1,734 shares during the period. Calamos Advisors LLC’s holdings in Estée Lauder Companies were worth $15,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Keybank National Association OH lifted its holdings in shares of Estée Lauder Companies by 11.3% during the third quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock worth $651,000 after purchasing an additional 458 shares during the period. Impax Asset Management Group plc lifted its holdings in Estée Lauder Companies by 517.6% in the fourth quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock valued at $6,820,000 after acquiring an additional 39,082 shares during the period. ICICI Prudential Asset Management Co Ltd increased its position in shares of Estée Lauder Companies by 221.9% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock valued at $9,075,000 after buying an additional 43,280 shares in the last quarter. YCG LLC increased its position in shares of Estée Lauder Companies by 5.7% in the fourth quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after buying an additional 9,619 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Estée Lauder Companies by 37.1% in the third quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock valued at $205,776,000 after buying an additional 381,860 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock traded up $0.19 during trading on Friday, reaching $145.00. The company’s stock had a trading volume of 374,874 shares, compared to its average volume of 2,649,849. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The Estée Lauder Companies Inc. has a 12-month low of $102.22 and a 12-month high of $260.46. The company has a market capitalization of $51.98 billion, a P/E ratio of 111.39, a price-to-earnings-growth ratio of 3.59 and a beta of 1.07. The business has a 50 day moving average price of $146.56 and a 200-day moving average price of $138.07.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the previous year, the business earned $1.54 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.82%. Estée Lauder Companies’s payout ratio is 203.08%.

Wall Street Analyst Weigh In

Several analysts recently commented on EL shares. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, April 2nd. StockNews.com cut Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday. Raymond James lifted their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada raised their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $168.00.

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.