Larson Financial Group LLC Acquires 643 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Larson Financial Group LLC raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,111 shares of the company’s stock after acquiring an additional 643 shares during the period. Larson Financial Group LLC’s holdings in Estée Lauder Companies were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EL. Ameliora Wealth Management Ltd. bought a new position in Estée Lauder Companies during the fourth quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators boosted its stake in shares of Estée Lauder Companies by 68.7% during 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. Eagle Bay Advisors LLC boosted its stake in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies during the third quarter valued at approximately $31,000. 55.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $72.00 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $25.85 billion, a P/E ratio of -36.92, a P/E/G ratio of 6.09 and a beta of 1.08. The business has a fifty day simple moving average of $74.11 and a two-hundred day simple moving average of $79.39. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.54.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the company earned $0.88 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share 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 issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.94%. Estée Lauder Companies’s payout ratio is presently -71.79%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EL. UBS Group increased their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. increased their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Canaccord Genuity Group dropped their price target on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research note on Friday, January 31st. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.00.

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.