Caisse DE Depot ET Placement DU Quebec Invests $13.01 Million in The Estée Lauder Companies Inc. (NYSE:EL)

Caisse DE Depot ET Placement DU Quebec bought a new position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 173,483 shares of the company's stock, valued at approximately $13,008,000.

Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors LLC bought a new stake in Estée Lauder Companies in the third quarter worth $1,555,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Estée Lauder Companies during the 3rd quarter worth about $199,000. Tidal Investments LLC grew its holdings in Estée Lauder Companies by 25.3% during the 3rd quarter. Tidal Investments LLC now owns 28,715 shares of the company's stock valued at $2,863,000 after purchasing an additional 5,803 shares during the last quarter. Franklin Resources Inc. raised its position in Estée Lauder Companies by 47.5% in the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock worth $13,392,000 after purchasing an additional 45,687 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Estée Lauder Companies in the third quarter worth about $1,002,000. Institutional investors own 55.15% of the company's stock.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 43,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was bought 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 of the company's stock, 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. 12.78% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on EL shares. Piper Sandler reaffirmed an "overweight" rating and set a $75.00 price target (down previously from $92.00) on shares of Estée Lauder Companies in a research note on Friday. B. Riley reissued a "neutral" rating and set a $60.00 price target (down previously from $70.00) on shares of Estée Lauder Companies in a research report on Friday. Stifel Nicolaus decreased their price objective on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. UBS Group raised their target price on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research note on Thursday, May 1st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Estée Lauder Companies presently has an average rating of "Hold" and an average price target of $75.20.

Estée Lauder Companies Stock Performance

NYSE: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 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 1-year low of $48.37 and a 1-year high of $139.34. The business's 50 day moving average price is $62.18 and its 200-day moving average price is $70.31. The firm has a market cap of $21.02 billion, a PE ratio of -30.03, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies's revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. Research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's payout ratio 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.