Allstate Corp Makes New $513,000 Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Allstate Corp acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,836 shares of the company's stock, valued at approximately $513,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators lifted its stake in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after purchasing an additional 158 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies in the fourth quarter worth about $30,000. Eagle Bay Advisors LLC boosted its position in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after buying an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake 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 valued at $36,000 after buying an additional 141 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction on Wednesday, February 5th. The shares were bought at an average price 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 of the company's stock, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul J. Fribourg acquired 43,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently issued reports on EL. Deutsche Bank Aktiengesellschaft dropped their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Canaccord Genuity Group lowered their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating on the stock in a research note on Wednesday, February 5th. UBS Group boosted their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company upped their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $86.00.

Estée Lauder Companies Stock Performance

NYSE:EL traded down $5.30 during mid-day trading on Friday, hitting $52.89. The company's stock had a trading volume of 10,908,398 shares, compared to its average volume of 3,910,387. The business's fifty day moving average is $70.31 and its two-hundred day moving average is $76.27. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of -27.12, a PEG 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 Estée Lauder Companies Inc. has a 1 year low of $51.48 and a 1 year high of $149.91.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.65%. Estée Lauder Companies's payout ratio is -71.79%.

About Estée Lauder Companies

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.