Jump Financial LLC raised its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 1,736.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,442 shares of the company's stock after buying an additional 133,739 shares during the quarter. Jump Financial LLC's holdings in Estée Lauder Companies were worth $10,605,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators boosted its holdings in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares during the period. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the 4th quarter valued at $30,000. Eagle Bay Advisors LLC increased its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after purchasing an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 55.15% of the company's stock.
Insider Buying and Selling
In related news, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was bought 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 owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was bought at an average price of $66.35 per share, for a total transaction 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. 12.78% of the stock is currently owned by company insiders.
Estée Lauder Companies Stock Up 3.2 %
NYSE EL traded up $1.71 during trading on Friday, hitting $54.37. The company's stock had a trading volume of 6,344,045 shares, compared to its average volume of 4,055,134. The Estée Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $149.91. The company has a market cap of $19.52 billion, a PE ratio of -27.88, a P/E/G ratio of 6.09 and a beta of 1.10. 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 business's 50 day simple moving average is $65.10 and its 200-day simple moving average is $73.18.
Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.30. 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 $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same period last year, the business earned $0.88 EPS. Estée Lauder Companies's revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's payout ratio is -71.79%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, April 14th. DA Davidson reiterated a "buy" rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Barclays dropped their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Stifel Nicolaus lowered their target price 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. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies presently has a consensus rating of "Hold" and an average target price of $81.57.
View Our Latest Stock Report on Estée Lauder Companies
About Estée Lauder Companies
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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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