The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 44.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,259 shares of the company’s stock after purchasing an additional 36,211 shares during the quarter. Jones Financial Companies Lllp’s holdings in Estée Lauder Companies were worth $8,792,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its holdings in shares of Estée Lauder Companies by 4,054.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,828 shares of the company’s stock valued at $137,000 after buying an additional 1,784 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Estée Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after acquiring an additional 154 shares during the last quarter. Metis Global Partners LLC boosted its stake in Estée Lauder Companies by 2.8% in the fourth quarter. Metis Global Partners LLC now owns 9,613 shares of the company’s stock valued at $721,000 after acquiring an additional 265 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Estée Lauder Companies by 21.5% during the fourth quarter. Fisher Asset Management LLC now owns 23,389 shares of the company’s stock valued at $1,754,000 after purchasing an additional 4,141 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Estée Lauder Companies during the 4th quarter worth approximately $407,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Trading Down 2.4 %

Shares of NYSE:EL opened at $70.18 on Tuesday. 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 capitalization of $25.19 billion, a price-to-earnings ratio of -35.99, a PEG ratio of 6.09 and a beta of 1.03. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.54. The company has a 50 day moving average price of $74.46 and a 200 day moving average price of $80.13.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. On average, research analysts anticipate 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, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 1.99%. Estée Lauder Companies’s payout ratio is presently -71.79%.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. CICC Research started coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. 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 research note on Thursday, February 6th. Finally, Canaccord Genuity Group dropped their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Twenty 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 an average price target of $86.00.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 43,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

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.