Kovitz Investment Group Partners LLC grew its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 61.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,895 shares of the company's stock after acquiring an additional 7,563 shares during the period. Kovitz Investment Group Partners LLC's holdings in Estée Lauder Companies were worth $1,492,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies in the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators increased its holdings in shares of Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after buying an additional 158 shares in the last quarter. Eagle Bay Advisors LLC raised its position in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies during the 4th quarter worth approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.
Estée Lauder Companies Stock Performance
Shares of Estée Lauder Companies stock traded up $0.47 during trading hours on Friday, reaching $59.36. The company had a trading volume of 4,290,686 shares, compared to its average volume of 4,056,921. 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 one year low of $48.37 and a one year high of $139.34. The firm has a market cap of $21.31 billion, a PE ratio of -30.44, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The business has a fifty day simple moving average of $62.50 and a 200 day simple moving average of $70.81.
Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies's revenue was down 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.36%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.
Insider Transactions at Estée Lauder Companies
In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, for a total transaction 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. The trade was 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 hyperlink. Also, Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares in the company, valued at $28,583,580. The trade was a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms have recently weighed in on EL. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. UBS Group upped their target price on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday. DA Davidson reissued a "buy" rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. B. Riley restated a "neutral" rating and issued a $60.00 target price (down previously from $70.00) on shares of Estée Lauder Companies in a report on Friday. Finally, Wells Fargo & Company decreased their price target on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Nineteen 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 a consensus rating of "Hold" and an average price target of $75.20.
Check Out Our Latest Analysis on EL
About Estée Lauder Companies
(
Free Report)
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.
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