Advisors Asset Management Inc. Has $3.29 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Advisors Asset Management Inc. boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,913 shares of the company's stock after acquiring an additional 9,819 shares during the period. Advisors Asset Management Inc.'s holdings in Estée Lauder Companies were worth $3,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EL. Centre Asset Management LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter valued at about $8,585,000. Franklin Resources Inc. grew its stake in Estée Lauder Companies by 47.5% in the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after buying an additional 45,687 shares during the last quarter. Harrell Investment Partners LLC raised its holdings in Estée Lauder Companies by 52.1% in the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after acquiring an additional 3,524 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock worth $570,600,000 after acquiring an additional 2,533,006 shares during the last quarter. Finally, Paloma Partners Management Co boosted its holdings in shares of Estée Lauder Companies by 729.4% during the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company's stock worth $4,735,000 after acquiring an additional 41,773 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.

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Insider Transactions at Estée Lauder Companies

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

Estée Lauder Companies Trading Down 1.0 %

NYSE EL traded down $0.68 during trading hours on Tuesday, reaching $66.78. The company's stock had a trading volume of 462,564 shares, compared to its average volume of 3,940,155. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $155.73. 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 stock has a market cap of $23.97 billion, a P/E ratio of -34.24, a P/E/G ratio of 6.09 and a beta of 1.08. The firm has a fifty day simple moving average of $72.82 and a 200-day simple moving average of $77.65.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly 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. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 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 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. 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 declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. Estée Lauder Companies's payout ratio is -71.79%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Barclays dropped their target price on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Piper Sandler lifted their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley cut their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $86.00.

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.