Aquatic Capital Management LLC Increases Position in The Estée Lauder Companies Inc. (NYSE:EL)

Aquatic Capital Management LLC raised its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 48.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,158 shares of the company's stock after purchasing an additional 15,358 shares during the quarter. Aquatic Capital Management LLC's holdings in Estée Lauder Companies were worth $3,536,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies in the fourth quarter worth approximately $29,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after acquiring an additional 158 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies in the fourth quarter worth approximately $30,000. Eagle Bay Advisors LLC lifted its stake in shares of Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after acquiring an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 acquiring an additional 141 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Stock Performance

NYSE EL traded down $1.19 during trading hours on Thursday, reaching $58.77. 5,808,846 shares of the company were exchanged, compared to its average volume of 4,059,123. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $139.34. The business's 50 day simple moving average is $63.13 and its 200-day simple moving average is $71.28. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $21.10 billion, a P/E ratio of -30.14, a P/E/G ratio of 6.09 and a beta of 1.10.

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

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.38%. Estée Lauder Companies's payout ratio is -71.79%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EL. JPMorgan Chase & Co. cut their price objective on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. UBS Group dropped their price target on Estée Lauder Companies from $75.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler boosted their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $81.19.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares of the company's stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.

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.