Generali Asset Management SPA SGR acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,972 shares of the company's stock, valued at approximately $523,000.
Other large investors also recently made changes to their positions in the company. State Street Corp lifted its position in Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company's stock worth $1,054,314,000 after acquiring an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Estée Lauder Companies by 79.4% during the third 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. Van ECK Associates Corp boosted its stake in shares of Estée Lauder Companies by 23.6% in the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company's stock valued at $374,630,000 after purchasing an additional 954,493 shares during the period. Geode Capital Management LLC grew its holdings in Estée Lauder Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company's stock valued at $464,587,000 after purchasing an additional 70,307 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 buying an additional 1,330,840 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.
Insiders Place Their Bets
In other news, Director Paul J. Fribourg acquired 43,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $66.35 per share, with a total value of $2,853,050.00. Following 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Akhil Shrivastava bought 700 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost 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 of the company's stock, valued at approximately $156,645.99. This 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 owned by insiders.
Wall Street Analyst Weigh In
EL has been the subject of several recent analyst reports. Telsey Advisory Group restated a "market perform" rating and set a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Royal Bank of Canada restated an "outperform" rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. DA Davidson reiterated a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Finally, CICC Research initiated coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They issued a "market perform" rating and a $82.00 price target on the stock. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $86.00.
Read Our Latest Stock Analysis on Estée Lauder Companies
Estée Lauder Companies Stock Performance
NYSE:EL traded down $1.38 during mid-day trading on Tuesday, hitting $66.07. The stock had a trading volume of 2,362,623 shares, compared to its average volume of 3,745,012. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $155.73. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of -33.88, a P/E/G ratio of 6.09 and a beta of 1.08. The company has a 50 day simple moving average of $72.82 and a 200-day simple moving average of $77.65.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued 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. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.12%. Estée Lauder Companies's payout ratio is -71.79%.
Estée Lauder Companies Company Profile
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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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