Mesirow Financial Investment Management Inc. reduced its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 66.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,522 shares of the company's stock after selling 52,451 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Estée Lauder Companies were worth $1,989,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in EL. Farther Finance Advisors LLC grew its position in shares of Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock worth $64,000 after buying an additional 151 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Estée Lauder Companies during the third quarter worth $1,599,000. Robeco Institutional Asset Management B.V. lifted its position in Estée Lauder Companies by 19.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 63,223 shares of the company's stock valued at $6,303,000 after acquiring an additional 10,165 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Estée Lauder Companies by 1.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 89,455 shares of the company's stock worth $8,918,000 after purchasing an additional 1,113 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Estée Lauder Companies by 14.5% during the third quarter. QRG Capital Management Inc. now owns 16,017 shares of the company's stock worth $1,597,000 after buying an additional 2,025 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.
Insider Buying and Selling
In related news, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price 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. The trade was a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.
Estée Lauder Companies Stock Up 2.5 %
Shares of EL stock traded up $1.78 during mid-day trading on Friday, reaching $73.32. 3,020,369 shares of the company's stock traded hands, compared to its average volume of 4,139,169. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.54. The company's 50-day moving average price is $74.16 and its 200-day moving average price is $79.61. The company has a market cap of $26.32 billion, a P/E ratio of -37.60, a P/E/G ratio of 6.09 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. 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 business posted $0.88 EPS. The company's revenue was down 6.4% compared to the same quarter last year. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.91%. Estée Lauder Companies's dividend payout ratio is currently -71.79%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on EL shares. Piper Sandler boosted their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $76.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Stifel Nicolaus reduced their target price on shares of Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Barclays lowered their price target on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Morgan Stanley reduced 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. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $86.00.
Read Our Latest Stock Analysis on EL
About Estée Lauder Companies
(
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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