Groupama Asset Managment decreased its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 67.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,253 shares of the company's stock after selling 15,278 shares during the period. Groupama Asset Managment's holdings in Estée Lauder Companies were worth $541,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in Estée Lauder Companies in the fourth quarter valued at $29,000. Deseret Mutual Benefit Administrators raised its stake in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after buying an additional 158 shares during the period. Eagle Bay Advisors LLC boosted its holdings in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 55.15% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on EL shares. Barclays decreased their price target on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. UBS Group boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. DA Davidson reaffirmed a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. 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 on the stock. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies has a consensus rating of "Hold" and an average price target of $86.00.
View Our Latest Research Report on Estée Lauder Companies
Insiders Place Their Bets
In related news, Director Paul J. Fribourg purchased 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares of the company's stock, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased 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 owns 2,381 shares in the company, valued at $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 corporate insiders.
Estée Lauder Companies Stock Performance
Estée Lauder Companies stock traded up $6.07 during midday trading on Wednesday, reaching $56.13. The stock had a trading volume of 9,084,243 shares, compared to its average volume of 3,978,386. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $20.15 billion, a PE ratio of -28.79, a P/E/G ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $149.91. The firm's 50-day moving average price is $67.24 and its 200 day moving average price is $75.25.
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, 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 business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the firm 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 earnings per share for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is currently -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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