Fisher Asset Management LLC Grows Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Fisher Asset Management LLC lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 21.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,389 shares of the company’s stock after buying an additional 4,141 shares during the quarter. Fisher Asset Management LLC’s holdings in Estée Lauder Companies were worth $1,754,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies in the 3rd quarter worth approximately $31,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Estée Lauder Companies during the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators grew its position 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 period. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies in the fourth quarter valued at $30,000. Finally, Eagle Bay Advisors LLC lifted its position in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Telsey Advisory Group reiterated a “market perform” rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Piper Sandler boosted their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley cut their target price on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.00.

Insider Buying and Selling

In other news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. The trade was 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 Stock Performance

Estée Lauder Companies stock opened at $71.91 on Thursday. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.54. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market capitalization of $25.81 billion, a price-to-earnings ratio of -36.87, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The firm’s fifty day moving average price is $74.25 and its 200 day moving average price is $79.89.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.88 earnings per share. On average, research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s payout ratio is currently -71.79%.

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.