4,458 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Acquired by Voleon Capital Management LP

Voleon Capital Management LP bought a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,458 shares of the company's stock, valued at approximately $334,000.

A number of other large investors also recently made changes to their positions in EL. FMR LLC increased its position in Estée Lauder Companies by 163.8% during the fourth 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 shares of Estée Lauder Companies in the fourth quarter valued at approximately $554,509,000. Norges Bank bought a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $251,304,000. American Century Companies Inc. grew its position in Estée Lauder Companies by 11,026.8% during the fourth quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock worth $250,704,000 after buying an additional 3,313,557 shares in the last quarter. Finally, Invesco Ltd. increased its stake 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 acquiring an additional 3,278,632 shares during the period. Institutional investors own 55.15% of the company's stock.

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares of the company's stock, valued at $156,645.99. This represents a 41.64 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Up 1.5 %

EL stock traded up $0.85 during trading on Tuesday, reaching $58.55. The stock had a trading volume of 2,179,227 shares, compared to its average volume of 4,049,922. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of -29.95, a P/E/G ratio of 6.09 and a beta of 1.12. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The company's 50 day moving average is $62.18 and its two-hundred day moving average is $70.31. The Estée Lauder Companies Inc. has a one year low of $48.37 and a one year high of $139.34.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned $0.97 earnings per share. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS 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. Shareholders of record on Friday, May 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's payout ratio is -57.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EL shares. Piper Sandler reiterated an "overweight" rating and set a $75.00 price objective (down from $92.00) on shares of Estée Lauder Companies in a research note on Friday. Stifel Nicolaus dropped their price target on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company cut 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 research note on Wednesday, April 16th. Royal Bank of Canada dropped their price objective on shares of Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday. Finally, DA Davidson restated a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $75.20.

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.