BLI Banque de Luxembourg Investments Purchases New Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

BLI Banque de Luxembourg Investments bought a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 185,240 shares of the company's stock, valued at approximately $13,744,000. BLI Banque de Luxembourg Investments owned 0.05% of Estée Lauder Companies as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas grew its stake in Estée Lauder Companies by 149.0% during the 4th quarter. BNP Paribas now owns 18,291 shares of the company's stock valued at $1,356,000 after purchasing an additional 10,944 shares in the last quarter. Alpha Family Trust grew its position in shares of Estée Lauder Companies by 33.3% during the fourth quarter. Alpha Family Trust now owns 3,660 shares of the company's stock worth $274,000 after buying an additional 915 shares in the last quarter. DoubleLine ETF Adviser LP increased its stake in shares of Estée Lauder Companies by 4.2% in the fourth quarter. DoubleLine ETF Adviser LP now owns 13,465 shares of the company's stock worth $1,010,000 after buying an additional 545 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Estée Lauder Companies in the fourth quarter valued at $13,008,000. Finally, Voleon Capital Management LP bought a new position in Estée Lauder Companies during the 4th quarter valued at $334,000. Hedge funds and other institutional investors own 55.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EL. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Thursday, May 1st. Canaccord Genuity Group cut their price objective on 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 decreased their target price on 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. UBS Group raised their price objective on Estée Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Piper Sandler reiterated an "overweight" rating and set a $75.00 target price (down previously from $92.00) on shares of Estée Lauder Companies in a research note on Friday. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of "Hold" and an average target price of $75.20.

Insider Activity

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

Estée Lauder Companies Stock Performance

Shares of NYSE EL traded up $0.85 during midday trading on Tuesday, reaching $58.55. 3,542,789 shares of the company traded hands, compared to its average volume of 4,056,309. The stock has a 50-day moving average price of $61.90 and a 200 day moving average price of $70.22. The company has a market cap of $21.02 billion, a price-to-earnings ratio of -30.03, a PEG ratio of 6.09 and a beta of 1.12. 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 52 week low of $48.37 and a 52 week high of $139.34.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share 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 company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the business posted $0.97 EPS. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. Sell-side 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 disclosed 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 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's dividend payout ratio is presently -57.85%.

Estée Lauder Companies Company 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.