First Hawaiian Bank Buys New Position in The Estée Lauder Companies Inc. (NYSE:EL)

First Hawaiian Bank bought a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,000 shares of the company’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the 3rd quarter valued at $31,000. Kimelman & Baird LLC bought a new stake in Estée Lauder Companies in the 2nd quarter valued at $32,000. Ecofi Investissements SA bought a new stake in Estée Lauder Companies in the 2nd quarter valued at $53,000. Rakuten Securities Inc. raised its stake in Estée Lauder Companies by 752.9% in the 3rd quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock valued at $58,000 after acquiring an additional 512 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Estée Lauder Companies by 30.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler upped their price objective on Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, January 6th. B. Riley decreased their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company increased their target price on Estée Lauder Companies from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Tuesday. CICC Research started coverage on Estée Lauder Companies in a report on Friday, December 27th. They set a “market perform” rating and a $82.00 target price on the stock. Finally, Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $96.50.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg bought 75,500 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL opened at $73.47 on Friday. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 131.20, a price-to-earnings-growth ratio of 5.40 and a beta of 1.05. The business has a 50-day moving average of $72.69 and a 200-day moving average of $86.82. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 1.47 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.91%. Estée Lauder Companies’s payout ratio is currently 250.00%.

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.