AQR Capital Management LLC increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 48.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,857 shares of the company's stock after buying an additional 96,841 shares during the quarter. AQR Capital Management LLC owned about 0.08% of Estée Lauder Companies worth $22,108,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in Estée Lauder Companies by 47.5% during the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after acquiring an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC increased its holdings in shares of Estée Lauder Companies by 52.1% during the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after purchasing an additional 3,524 shares in the last quarter. Washington Capital Management Inc. acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $352,000. Bank Pictet & Cie Europe AG lifted its stake in shares of Estée Lauder Companies by 5.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after purchasing an additional 4,690 shares during the period. Finally, Oak Thistle LLC purchased a new stake in Estée Lauder Companies during the fourth quarter worth $1,129,000. 55.15% of the stock is owned by institutional investors and hedge funds.
Estée Lauder Companies Price Performance
Shares of EL traded up $0.85 during trading hours on Tuesday, reaching $58.55. The company had a trading volume of 3,542,789 shares, compared to its average volume of 4,056,309. 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 Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $139.34. The firm has a 50 day simple moving average of $62.18 and a 200-day simple moving average of $70.31. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of -30.03, a PEG ratio of 6.09 and a beta of 1.12.
Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data 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. 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 $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the business posted $0.97 EPS. Estée Lauder Companies's quarterly revenue was down 9.9% on a year-over-year basis. Research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.
Estée Lauder Companies Dividend Announcement
The business 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.
Analyst Ratings Changes
Several analysts have commented on EL shares. Barclays dropped their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Citigroup reduced their target price on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. Finally, B. Riley reaffirmed a "neutral" rating and issued a $60.00 target price (down from $70.00) on shares of Estée Lauder Companies in a research report on Friday. Nineteen investment 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 presently has an average rating of "Hold" and an average target price of $75.20.
Check Out Our Latest Analysis on EL
Insider Transactions at Estée Lauder Companies
In other news, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares of the company's stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul J. Fribourg acquired 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, with a total value of $2,853,050.00. Following the transaction, the director now owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This trade represents a 11.09 % 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 Profile
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Free Report)
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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