Invesco Ltd. Has $410.98 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Invesco Ltd. grew its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 148.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,481,248 shares of the company's stock after acquiring an additional 3,278,632 shares during the period. Invesco Ltd. owned about 1.53% of Estée Lauder Companies worth $410,984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators increased its position in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after buying an additional 158 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in 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 purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the 4th quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Estée Lauder Companies by 42.1% during 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 period. Hedge funds and other institutional investors own 55.15% of the company's stock.

Insider Buying and Selling at Estée Lauder Companies

In related news, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % 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.

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Estée Lauder Companies Stock Up 5.3 %

EL traded up $2.91 during trading on Monday, hitting $58.14. The company had a trading volume of 2,420,459 shares, compared to its average volume of 4,008,738. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market cap of $20.87 billion, a PE ratio of -29.82, a P/E/G ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $149.91. The business has a 50-day moving average of $66.37 and a 200-day moving average of $74.54.

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 (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to the consensus estimate 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 company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.41%. Estée Lauder Companies's dividend payout ratio is -71.79%.

Analyst Upgrades and Downgrades

EL has been the subject of a number of research analyst reports. DA Davidson restated a "buy" rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Morgan Stanley decreased their price target on 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. Wells Fargo & Company increased their price objective on shares of 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. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $76.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $84.67.

About Estée Lauder Companies

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.