Gamco Investors INC. ET AL purchased a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 6,461 shares of the company's stock, valued at approximately $484,000.
Several other institutional investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $29,000. Deseret Mutual Benefit Administrators lifted its position in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares in the last quarter. Eagle Bay Advisors LLC boosted its stake in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth about $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after purchasing an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.
Insiders Place Their Bets
In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the transaction, the chief financial officer now 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 disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.
Estée Lauder Companies Stock Up 2.4 %
Shares of NYSE EL traded up $1.35 during trading on Thursday, reaching $58.61. 2,102,990 shares of the stock were exchanged, compared to its average volume of 4,064,466. The business's 50-day moving average price is $64.30 and its 200 day moving average price is $72.51. The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of -30.06, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $149.06. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the business earned $0.88 EPS. Estée Lauder Companies's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The company also recently announced 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 2.39%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is presently -71.79%.
Analyst Upgrades and Downgrades
Several analysts have commented on EL shares. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. 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 objective for the company. Canaccord Genuity Group reduced their target price on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, February 5th. DA Davidson restated a "buy" rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Finally, Stifel Nicolaus cut their price objective on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $81.57.
Get Our Latest Stock Report on EL
Estée Lauder Companies Profile
(
Free Report)
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.
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