Bellwether Advisors LLC increased its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 171.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,695 shares of the company's stock after acquiring an additional 14,328 shares during the period. Bellwether Advisors LLC's holdings in Estée Lauder Companies were worth $1,702,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Estée Lauder Companies by 163.8% during the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after acquiring an additional 8,930,011 shares in the last quarter. Capital World Investors purchased a new stake in shares of Estée Lauder Companies during the 4th quarter worth approximately $554,509,000. Norges Bank acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $251,304,000. American Century Companies Inc. grew its position in shares of Estée Lauder Companies by 11,026.8% in the 4th quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock valued at $250,704,000 after buying an additional 3,313,557 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Estée Lauder Companies by 148.9% during the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after acquiring an additional 3,278,632 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on EL. Wells Fargo & Company reduced their price target on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus decreased their target price on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. Canaccord Genuity Group reduced their price objective on Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, UBS Group lowered their target price 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. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $81.19.
Read Our Latest Report on EL
Estée Lauder Companies Price Performance
Shares of NYSE:EL traded down $1.19 on Thursday, hitting $58.77. The company had a trading volume of 5,808,846 shares, compared to its average volume of 4,059,123. 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 company has a market cap of $21.10 billion, a PE ratio of -30.14, a PEG ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $139.34. The business has a 50 day moving average of $63.13 and a 200 day moving average of $71.28.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results 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 firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the business earned $0.97 earnings per share. Estée Lauder Companies's revenue was down 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.38%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -71.79%.
Insiders Place Their Bets
In related news, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the purchase, the director now owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, for a total transaction 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 $156,645.99. This represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.
Estée Lauder Companies Company 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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