Yousif Capital Management LLC decreased its position in The Estée Lauder Companies Inc. (NYSE:EL – Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,709 shares of the company’s stock after selling 259 shares during the period. Yousif Capital Management LLC’s holdings in Estée Lauder Companies were worth $2,378,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies in the 3rd quarter valued at approximately $31,000. Eagle Bay Advisors LLC grew its stake in shares of Estée Lauder Companies by 297.0% in the 4th 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. MassMutual Private Wealth & Trust FSB grew its stake in shares of Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the period. Rakuten Securities Inc. grew its stake in shares of 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 purchasing an additional 512 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of 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 purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. TD Cowen decreased their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft decreased their price target on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company increased their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price objective on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $86.00.
Insider Buying and Selling
In related news, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This represents a 41.64 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg bought 75,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares in the company, valued at $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 196,700 shares of company stock valued at $12,762,093. Company insiders own 12.78% of the company’s stock.
Estée Lauder Companies Trading Up 5.7 %
Shares of EL stock opened at $68.74 on Tuesday. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.54. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.90 and a current ratio of 1.37. The company has a 50-day simple moving average of $76.72 and a two-hundred day simple moving average of $82.77. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of -35.25, a PEG ratio of 5.43 and a beta of 1.03.
Estée Lauder Companies (NYSE:EL – Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the firm earned $0.88 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Research analysts anticipate that The Estée Lauder Companies Inc. will post 1.37 EPS for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.
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, and powders, as well as compacts, brushes, and other makeup tools.
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