The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. grew its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 274.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,052 shares of the company's stock after buying an additional 130,504 shares during the quarter. APG Asset Management N.V.'s holdings in Estée Lauder Companies were worth $12,893,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Advisory Services Network LLC lifted its position in shares of Estée Lauder Companies by 22.0% during the fourth quarter. Advisory Services Network LLC now owns 3,466 shares of the company's stock worth $260,000 after purchasing an additional 624 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Estée Lauder Companies in the 4th quarter valued at $296,000. Invesco Ltd. boosted its stake in shares of Estée Lauder Companies by 148.9% in the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after buying an additional 3,278,632 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Estée Lauder Companies in the 4th quarter valued at $17,350,000. Finally, Polymer Capital Management US LLC acquired a new stake in shares of Estée Lauder Companies during the fourth quarter valued at about $242,000. Institutional investors and hedge funds own 55.15% of the company's stock.

Insider Activity at Estée Lauder Companies

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

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Estée Lauder Companies Stock Down 1.6 %

Shares of NYSE EL traded down $0.88 during mid-day trading on Wednesday, hitting $53.53. 848,520 shares of the stock traded hands, compared to its average volume of 4,264,668. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $149.91. The company has a market cap of $19.22 billion, a price-to-earnings ratio of -27.45, a PEG ratio of 6.09 and a beta of 1.10. The stock has a fifty day moving average price of $65.96 and a 200-day moving average price of $74.10. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced 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 positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. During the same period last year, the firm earned $0.88 EPS. Estée Lauder Companies's revenue for the quarter was down 6.4% compared to the same quarter last year. Research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.62%. Estée Lauder Companies's dividend payout ratio is presently -71.79%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EL. JPMorgan Chase & Co. lowered their price target 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. Piper Sandler increased their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. Canaccord Genuity Group lowered their price target on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $82.52.

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.