Ilmarinen Mutual Pension Insurance Co Invests $1.35 Million in The Estée Lauder Companies Inc. (NYSE:EL)

Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,000 shares of the company's stock, valued at approximately $1,350,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EL. Peterson Wealth Services boosted its position in Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock valued at $113,000 after purchasing an additional 134 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position 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 worth $36,000 after buying an additional 141 shares during the period. Blue Trust Inc. boosted its position in shares of Estée Lauder Companies by 8.7% during the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock worth $139,000 after buying an additional 148 shares during the period. Smartleaf Asset Management LLC raised its stake in Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after acquiring an additional 154 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position 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 acquiring an additional 158 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. DA Davidson restated a "buy" rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. CICC Research initiated 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 target on the stock. Morgan Stanley reduced their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus reduced their price target on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday. Finally, Wells Fargo & Company increased their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $84.67.

Estée Lauder Companies Trading Up 0.3 %

Estée Lauder Companies stock traded up $0.18 during trading hours on Friday, reaching $53.48. 1,609,470 shares of the company's stock were exchanged, compared to its average volume of 3,985,682. The firm's 50 day simple moving average is $66.65 and its 200 day simple moving average is $74.98. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $149.91. 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 $19.20 billion, a PE ratio of -27.38, a PEG ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. Research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.62%. Estée Lauder Companies's payout ratio is -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Paul J. Fribourg purchased 43,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares of the company's stock, 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 Company Profile

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.