Capital World Investors Buys New Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Capital World Investors purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,395,425 shares of the company's stock, valued at approximately $554,509,000. Capital World Investors owned approximately 2.06% of Estée Lauder Companies at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bard Financial Services Inc. bought a new stake in Estée Lauder Companies during the 3rd quarter worth approximately $1,789,000. World Investment Advisors LLC bought a new position in Estée Lauder Companies during the 3rd quarter valued at $1,555,000. Wilmington Savings Fund Society FSB purchased a new position in Estée Lauder Companies during the 3rd quarter worth $199,000. Tidal Investments LLC grew its stake in shares of Estée Lauder Companies by 25.3% in the 3rd quarter. Tidal Investments LLC now owns 28,715 shares of the company's stock worth $2,863,000 after acquiring an additional 5,803 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after purchasing an additional 45,687 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on EL. Piper Sandler lifted their target price 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. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft decreased their target price on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Thursday. Finally, CICC Research started 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 objective for the company. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of "Hold" and a consensus target price of $81.57.

Insider Activity at Estée Lauder Companies

In related news, Director Paul J. Fribourg purchased 43,000 shares of the firm's 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 acquisition, the director now directly owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. This represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.

Estée Lauder Companies Price Performance

NYSE EL traded up $1.35 during trading hours on Thursday, hitting $58.61. The company had a trading volume of 2,719,501 shares, compared to its average volume of 4,278,347. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of -30.06, 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 has a 50 day simple moving average of $64.30 and a 200 day simple moving average of $72.51.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. Equities research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.39%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -71.79%.

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.