Cibc World Markets Corp Acquires 12,192 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Cibc World Markets Corp raised its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,569 shares of the company's stock after purchasing an additional 12,192 shares during the period. Cibc World Markets Corp's holdings in Estée Lauder Companies were worth $6,866,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock worth $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Estée Lauder Companies by 81.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company's stock worth $222,807,000 after purchasing an additional 1,330,840 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Estée Lauder Companies by 80.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company's stock worth $292,510,000 after purchasing an additional 1,310,900 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in Estée Lauder Companies by 695.4% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company's stock worth $111,994,000 after purchasing an additional 982,183 shares in the last quarter. Finally, Nuance Investments LLC increased its holdings in Estée Lauder Companies by 1,127.5% during the 3rd quarter. Nuance Investments LLC now owns 1,059,080 shares of the company's stock worth $105,580,000 after purchasing an additional 972,799 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

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Insiders Place Their Bets

In related news, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the purchase, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. The trade was a 41.64 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This represents 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EL shares. DA Davidson reiterated a "buy" rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. CICC Research started coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They set a "market perform" rating and a $82.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of 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. Canaccord Genuity Group decreased their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $86.00.

Estée Lauder Companies Stock Performance

EL traded down $0.98 during trading on Friday, hitting $67.04. The stock had a trading volume of 5,872,794 shares, compared to its average volume of 3,741,756. The company has a 50 day moving average price of $72.97 and a 200-day moving average price of $78.01. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of -34.38, a P/E/G ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $155.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

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 (EPS) for the quarter, beating 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 company had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. Estée Lauder Companies's quarterly revenue was down 6.4% on a year-over-year basis. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.09%. Estée Lauder Companies's dividend payout ratio (DPR) is -71.79%.

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.