Grove Bank & Trust raised its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 19,105.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,682 shares of the company's stock after buying an additional 7,642 shares during the period. Grove Bank & Trust's holdings in Estée Lauder Companies were worth $576,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Estée Lauder Companies by 9.5% during the third quarter. State Street Corp now owns 10,575,926 shares of the company's stock valued at $1,054,314,000 after acquiring an additional 913,470 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock valued at $570,600,000 after buying an additional 2,533,006 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $464,587,000 after buying an additional 70,307 shares in the last quarter. Van ECK Associates Corp lifted its position in Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company's stock valued at $402,938,000 after purchasing an additional 1,078,926 shares during the period. Finally, Independent Franchise Partners LLP raised its position in shares of Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company's stock valued at $368,788,000 after acquiring an additional 1,066,320 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Estée Lauder Companies
In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the acquisition, the director now owns 234,500 shares of the company's stock, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company's stock.
Estée Lauder Companies Stock Performance
Shares of EL traded down $0.21 during trading hours on Monday, hitting $77.86. The stock had a trading volume of 2,948,283 shares, compared to its average volume of 2,646,628. The stock has a fifty day moving average price of $73.76 and a 200 day moving average price of $85.35. The firm has a market capitalization of $27.95 billion, a PE ratio of 139.04, a PEG ratio of 5.02 and a beta of 1.02. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the company posted $0.11 EPS. The firm's revenue was down 4.5% on a year-over-year basis. Analysts anticipate that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.
Estée Lauder Companies Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies's payout ratio is 250.00%.
Analyst Ratings Changes
EL has been the subject of a number of recent analyst reports. Bank of America lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Canaccord Genuity Group decreased their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a "hold" rating for the company in a report on Friday, November 1st. Barclays lifted their price objective on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an "equal weight" rating in a research report on Friday. Stifel Nicolaus downgraded Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Thursday, October 31st. Finally, Piper Sandler upped their target price on Estée Lauder Companies from $89.00 to $91.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Twenty 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, the company has a consensus rating of "Hold" and a consensus target price of $93.55.
Read Our Latest Analysis 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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