The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Ossiam

Ossiam increased its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 81.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,453 shares of the company's stock after acquiring an additional 14,573 shares during the quarter. Ossiam's holdings in Estée Lauder Companies were worth $2,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EL. FMR LLC lifted its stake in shares of Estée Lauder Companies by 163.8% in 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 during the period. Capital World Investors acquired a new stake in Estée Lauder Companies in the fourth quarter valued at about $554,509,000. Norges Bank acquired a new stake in Estée Lauder Companies in the fourth quarter valued at about $251,304,000. American Century Companies Inc. boosted its holdings in 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 purchasing an additional 3,313,557 shares in the last quarter. Finally, Invesco Ltd. increased its position 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 purchasing an additional 3,278,632 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.

Insider Buying and Selling

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

Estée Lauder Companies Trading Up 1.3 %

EL traded up $0.76 during trading on Friday, hitting $59.41. The company's stock had a trading volume of 2,585,724 shares, compared to its average volume of 4,071,894. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $149.06. The stock has a market cap of $21.33 billion, a PE ratio of -30.47, a PEG ratio of 6.09 and a beta of 1.10. The firm's 50 day moving average price is $63.85 and its 200-day moving average price is $72.01. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The business's revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.36%. Estée Lauder Companies's payout ratio is currently -71.79%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EL shares. Piper Sandler lifted their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. DA Davidson reaffirmed a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Barclays reduced their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group reduced their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. 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 MarketBeat.com, the company has an average rating of "Hold" and an average price target of $81.57.

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.