80,000 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Purchased by Michelson Medical Research Foundation Inc.

Michelson Medical Research Foundation Inc. acquired a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 80,000 shares of the company's stock, valued at approximately $5,998,000. Estée Lauder Companies comprises approximately 5.0% of Michelson Medical Research Foundation Inc.'s holdings, making the stock its 7th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $29,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares in the last quarter. Eagle Bay Advisors LLC increased its position 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 worth $30,000 after purchasing an additional 300 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Estée Lauder Companies during the 4th quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after purchasing an additional 141 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EL. Royal Bank of Canada reduced their price target on shares of Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citigroup dropped their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group reduced their target price on shares of Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Barclays lowered their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Piper Sandler restated an "overweight" rating and set a $75.00 target price (down previously from $92.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $75.20.

Estée Lauder Companies Stock Up 7.2%

EL opened at $65.40 on Tuesday. The firm has a market capitalization of $23.48 billion, a P/E ratio of -33.54, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The company has a fifty day moving average price of $61.20 and a 200-day moving average price of $69.36. 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 Estée Lauder Companies Inc. has a one year low of $48.37 and a one year high of $139.34.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies's quarterly revenue was down 9.9% on a year-over-year basis. During the same period last year, the company posted $0.97 earnings per share. Equities research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.14%. Estée Lauder Companies's dividend payout ratio (DPR) is -57.85%.

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.

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