Canada Pension Plan Investment Board Raises Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Canada Pension Plan Investment Board grew its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 901,595 shares of the company's stock after purchasing an additional 196,520 shares during the period. Canada Pension Plan Investment Board owned approximately 0.25% of Estée Lauder Companies worth $67,602,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Estée Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock worth $2,025,532,000 after acquiring an additional 2,344,210 shares in the last quarter. FMR LLC raised its stake in Estée Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after purchasing an additional 8,930,011 shares in the last quarter. Independent Franchise Partners LLP lifted its position in Estée Lauder Companies by 45.5% during the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock valued at $589,205,000 after purchasing an additional 2,458,379 shares during the last quarter. Invesco Ltd. grew its stake in shares of Estée Lauder Companies by 148.9% in the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after buying an additional 3,278,632 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Estée Lauder Companies by 23.6% in the 4th quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company's stock worth $374,630,000 after buying an additional 954,493 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Insider Transactions at Estée Lauder Companies

In related news, Director Paul J. Fribourg acquired 43,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares of the company's stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Akhil Shrivastava bought 700 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Up 2.2 %

Shares of NYSE:EL traded up $1.24 on Thursday, reaching $58.50. The company had a trading volume of 1,071,901 shares, compared to its average volume of 4,256,579. 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 firm has a market capitalization of $21.00 billion, a PE ratio of -30.00, a PEG ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $149.06. The firm's 50 day simple moving average is $64.30 and its 200-day simple moving average is $72.51.

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 negative net margin of 4.61% and a positive return on equity of 16.82%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The firm's revenue was down 6.4% on a year-over-year basis. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is currently -71.79%.

Analyst Ratings Changes

EL has been the subject of several recent research reports. CICC Research initiated coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a "market perform" rating and a $82.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. UBS Group dropped their price objective on shares of Estée Lauder Companies from $75.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Citigroup reduced their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Piper Sandler increased their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $81.57.

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.