CANADA LIFE ASSURANCE Co Grows Stake in The Estée Lauder Companies Inc. (NYSE:EL)

CANADA LIFE ASSURANCE Co raised its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 53.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 484,774 shares of the company's stock after purchasing an additional 168,513 shares during the period. CANADA LIFE ASSURANCE Co owned 0.14% of Estée Lauder Companies worth $36,316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of EL. Ameliora Wealth Management Ltd. bought a new position in shares of Estée Lauder Companies during the 4th quarter worth $29,000. Deseret Mutual Benefit Administrators grew its stake in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after buying an additional 158 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies during the fourth quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Up 2.5 %

NYSE:EL traded up $1.41 during trading hours on Thursday, reaching $58.67. 1,126,438 shares of the company traded hands, compared to its average volume of 4,257,583. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $149.06. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The business's 50-day moving average price is $64.30 and its two-hundred day moving average price is $72.51. The stock has a market capitalization of $21.06 billion, a P/E ratio of -30.09, a P/E/G ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. Analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current 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 issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's payout ratio is presently -71.79%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EL. Canaccord Genuity Group cut their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. UBS Group dropped their price target on Estée Lauder Companies from $75.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research report on Friday, January 31st. 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 report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of "Hold" and a consensus target price of $81.57.

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, the chief financial officer now 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares in the company, valued at approximately $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 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.