Canvas Wealth Advisors LLC Purchases 29,224 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Canvas Wealth Advisors LLC grew its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 308.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,711 shares of the company's stock after acquiring an additional 29,224 shares during the period. Canvas Wealth Advisors LLC's holdings in Estée Lauder Companies were worth $2,903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its holdings in Estée Lauder Companies by 28.7% during the 3rd quarter. CWM LLC now owns 4,930 shares of the company's stock worth $491,000 after acquiring an additional 1,099 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Estée Lauder Companies by 294.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,010 shares of the company's stock worth $200,000 after purchasing an additional 1,500 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Estée Lauder Companies by 1,931.3% during the third quarter. Exchange Traded Concepts LLC now owns 6,622 shares of the company's stock valued at $660,000 after purchasing an additional 6,296 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of Estée Lauder Companies by 392.6% in the third quarter. CVA Family Office LLC now owns 1,271 shares of the company's stock valued at $127,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in Estée Lauder Companies by 51.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 344,610 shares of the company's stock worth $34,354,000 after purchasing an additional 117,447 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Estée Lauder Companies

In related news, CFO Akhil Shrivastava purchased 700 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 196,700 shares of company stock worth $12,762,093. Corporate insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Up 1.0 %

Shares of Estée Lauder Companies stock traded up $0.69 on Thursday, hitting $69.72. The company had a trading volume of 3,741,569 shares, compared to its average volume of 4,529,481. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month 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 stock has a 50-day moving average of $76.23 and a 200-day moving average of $82.25. The firm has a market capitalization of $25.03 billion, a P/E ratio of -35.75, a P/E/G ratio of 5.43 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share 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 firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the business earned $0.88 EPS. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. Research analysts predict that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies's payout ratio is -71.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group increased their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. TD Cowen decreased 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. Bank of America dropped their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Citigroup lowered shares of Estée Lauder Companies from a "buy" rating to a "neutral" rating and reduced their target price for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. Finally, B. Riley dropped their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $86.00.

About Estée Lauder Companies

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.