Canada Post Corp Registered Pension Plan Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Canada Post Corp Registered Pension Plan purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 34,169 shares of the company's stock, valued at approximately $2,562,000.

Other hedge funds also recently bought and sold shares of the company. Centre Asset Management LLC purchased a new position in Estée Lauder Companies in the fourth quarter worth about $8,585,000. Franklin Resources Inc. increased its position in shares of Estée Lauder Companies by 47.5% during the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after acquiring an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC raised its holdings in Estée Lauder Companies by 52.1% in the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock worth $771,000 after acquiring an additional 3,524 shares during the last quarter. Washington Capital Management Inc. bought a new position in Estée Lauder Companies in the 4th quarter valued at approximately $352,000. Finally, Bank Pictet & Cie Europe AG boosted its stake in Estée Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after purchasing an additional 4,690 shares during the last quarter. Institutional investors own 55.15% of the company's stock.

Analysts Set New Price Targets

EL has been the topic of a number of research analyst reports. Citigroup lowered their price target on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. CICC Research assumed coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They set a "market perform" rating and a $82.00 price target on the stock. Piper Sandler boosted their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 target price on shares of Estée Lauder Companies in a report on Friday, January 31st. Finally, Barclays cut their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $81.57.

Estée Lauder Companies Price Performance

Shares of EL stock traded up $1.71 on Friday, hitting $54.37. 6,344,045 shares of the stock traded hands, compared to its average volume of 4,055,134. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $149.91. The firm has a 50 day simple moving average of $65.10 and a two-hundred day simple moving average of $73.02. The firm has a market cap of $19.52 billion, a price-to-earnings ratio of -27.88, a PEG 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. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business 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 earnings per share. The business's quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 2.57%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's dividend payout ratio (DPR) is currently -71.79%.

Insider Activity

In other news, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The shares were acquired 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 directly owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company's stock.

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.