PKO Investment Management Joint Stock Co Purchases Shares of 18,500 The Estée Lauder Companies Inc. (NYSE:EL)

PKO Investment Management Joint Stock Co bought a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,500 shares of the company's stock, valued at approximately $1,387,000.

Other hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Estée Lauder Companies by 58.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,470 shares of the company's stock worth $1,910,000 after purchasing an additional 9,427 shares during the period. Blue Trust Inc. raised its holdings in shares of Estée Lauder Companies by 8.7% in the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock worth $139,000 after purchasing an additional 148 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth approximately $50,000. VCI Wealth Management LLC bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth approximately $568,000. Finally, Washington Capital Management Inc. bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth approximately $352,000. Institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Price Performance

Shares of EL traded down $1.75 during mid-day trading on Friday, reaching $66.92. 4,617,461 shares of the stock traded hands, compared to its average volume of 4,127,205. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $125.90. The firm has a fifty day moving average price of $60.33 and a 200 day moving average price of $68.89. The company has a market cap of $24.07 billion, a price-to-earnings ratio of -34.32, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.

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 the consensus estimate 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 previous year, the business earned $0.97 earnings per share. The firm's quarterly revenue was down 9.9% compared to the same quarter last year. As a group, equities research analysts predict 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. Investors of record on Friday, May 30th will be given a $0.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.09%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.

Analyst Ratings Changes

EL has been the topic of a number of research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price target (down previously from $92.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Wells Fargo & Company lowered their target price on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen cut shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. B. Riley reissued a "neutral" rating and set a $60.00 target price (down previously from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Finally, Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $75.15.

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.