Cambiar Investors LLC Makes New $33.94 Million Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Cambiar Investors LLC purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 452,699 shares of the company's stock, valued at approximately $33,943,000. Cambiar Investors LLC owned 0.13% of Estée Lauder Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its holdings in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after purchasing an additional 141 shares during the period. Blue Trust Inc. increased its holdings in Estée Lauder Companies by 8.7% during the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock worth $139,000 after purchasing an additional 148 shares during the period. Farther Finance Advisors LLC increased its holdings in Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock worth $64,000 after purchasing an additional 151 shares during the period. Biltmore Family Office LLC increased its holdings in Estée Lauder Companies by 7.8% during the 3rd quarter. Biltmore Family Office LLC now owns 2,376 shares of the company's stock worth $237,000 after purchasing an additional 171 shares during the period. Finally, Cove Private Wealth LLC increased its holdings in Estée Lauder Companies by 7.1% during the 3rd quarter. Cove Private Wealth LLC now owns 2,625 shares of the company's stock worth $262,000 after purchasing an additional 175 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Performance

EL traded down $0.88 on Friday, reaching $68.80. 3,714,764 shares of the stock were exchanged, compared to its average volume of 4,502,329. The company's 50-day moving average price is $76.06 and its 200 day moving average price is $82.16. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.90. The firm has a market capitalization of $24.70 billion, a PE ratio of -35.28, a PEG ratio of 5.43 and a beta of 1.03.

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. 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 during the quarter, compared to analysts' expectations of $3.98 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm's 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 1.37 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. Estée Lauder Companies's dividend payout ratio is currently -71.79%.

Insider Activity

In related news, Director Paul J. Fribourg acquired 43,000 shares of the firm'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 acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Akhil Shrivastava acquired 700 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 119,200 shares of company stock valued at $7,801,318 in the last quarter. 12.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on EL shares. JPMorgan Chase & Co. raised their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. TD Cowen cut their price target on Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. B. Riley cut their price target on Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Finally, Barclays cut their price target on 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. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of "Hold" and an average target price of $86.00.

Estée Lauder Companies 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.