The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 191.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,710 shares of the company's stock after purchasing an additional 22,127 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Estée Lauder Companies were worth $2,528,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EL. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies during the 4th quarter worth approximately $29,000. Deseret Mutual Benefit Administrators raised its position in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after buying an additional 158 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Estée Lauder Companies during the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC raised its position in Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after buying an additional 154 shares during the last quarter. Finally, Quent Capital LLC raised its position in Estée Lauder Companies by 278.2% during the 4th quarter. Quent Capital LLC now owns 658 shares of the company's stock worth $49,000 after buying an additional 484 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EL. Citigroup reduced their price target on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays lifted their price target on Estée Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday. Canaccord Genuity Group reduced their price target on Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley reduced their price target on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Wall Street Zen cut Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Estée Lauder Companies currently has an average rating of "Hold" and a consensus price target of $75.15.

Estée Lauder Companies Price Performance

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

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 firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business's revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is currently -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.