Brown Brothers Harriman & Co. increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 349.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,904 shares of the company's stock after purchasing an additional 21,700 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Estée Lauder Companies were worth $2,092,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of EL. Orion Portfolio Solutions LLC lifted its stake in Estée Lauder Companies by 32.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 3,203 shares of the company's stock valued at $240,000 after acquiring an additional 776 shares during the period. Norges Bank acquired a new position in Estée Lauder Companies during the fourth quarter valued at $251,304,000. Caisse Des Depots ET Consignations acquired a new position in Estée Lauder Companies during the fourth quarter valued at $15,187,000. NEOS Investment Management LLC boosted its holdings in Estée Lauder Companies by 28.5% in the fourth quarter. NEOS Investment Management LLC now owns 11,183 shares of the company's stock valued at $839,000 after purchasing an additional 2,483 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its position in Estée Lauder Companies by 35.2% during the 4th quarter. UniSuper Management Pty Ltd now owns 167,597 shares of the company's stock worth $12,566,000 after purchasing an additional 43,619 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Piper Sandler upped their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. UBS Group lifted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Barclays lowered their price target on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of "Hold" and a consensus price target of $86.00.
Read Our Latest Research Report on EL
Insider Activity at Estée Lauder Companies
In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the company's 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 completion of the acquisition, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through 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 cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.
Estée Lauder Companies Trading Up 0.9 %
Shares of NYSE:EL traded up $0.59 during midday trading on Monday, reaching $66.01. 3,118,282 shares of the company's stock were exchanged, compared to its average volume of 3,822,270. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of -33.85, a P/E/G ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $155.73. The firm's 50 day simple moving average is $71.78 and its two-hundred day simple moving average is $76.96. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating 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 firm had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid 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 dividend yield of 2.12%. Estée Lauder Companies's payout ratio is -71.79%.
Estée Lauder Companies Company Profile
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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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