Phraction Management LLC Acquires 10,856 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Phraction Management LLC increased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 172.2% during the 4th quarter, HoldingsChannel reports. The fund owned 17,161 shares of the company’s stock after buying an additional 10,856 shares during the period. Phraction Management LLC’s holdings in Estée Lauder Companies were worth $1,287,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EL. Peterson Wealth Services raised its holdings in Estée Lauder Companies by 9.8% in the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock worth $113,000 after buying an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after buying an additional 141 shares during the last quarter. Blue Trust Inc. raised its holdings in Estée Lauder Companies by 8.7% in the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after buying an additional 148 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after buying an additional 151 shares during the last quarter. Finally, Biltmore Family Office LLC raised its holdings in Estée Lauder Companies by 7.8% in the third quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock worth $237,000 after buying an additional 171 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average price of $65.79 per share, with a total value of $46,053.00. Following the transaction, 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul J. Fribourg acquired 77,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the transaction, the director now directly owns 234,500 shares in the company, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 196,700 shares of company stock valued at $12,762,093 in the last quarter. 12.78% of the stock is owned by insiders.

Estée Lauder Companies Price Performance

NYSE EL opened at $69.04 on Thursday. The stock’s 50 day moving average is $76.44 and its 200 day moving average is $82.34. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.90. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the firm earned $0.88 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts expect 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. Shareholders of record on Friday, February 28th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. TD Cowen decreased their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. UBS Group increased their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. DA Davidson restated a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a research note on Wednesday, February 5th. Finally, CICC Research assumed coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 price target for the company. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.00.

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.