The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,879 shares of the company's stock after buying an additional 6,394 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Estée Lauder Companies were worth $1,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EL. CWM LLC grew its position in shares of Estée Lauder Companies by 28.7% in the third quarter. CWM LLC now owns 4,930 shares of the company's stock valued at $491,000 after purchasing an additional 1,099 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Estée Lauder Companies by 294.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,010 shares of the company's stock valued at $200,000 after purchasing an additional 1,500 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Estée Lauder Companies by 1,931.3% in the third quarter. Exchange Traded Concepts LLC now owns 6,622 shares of the company's stock valued at $660,000 after purchasing an additional 6,296 shares during the period. CVA Family Office LLC grew its position in shares of Estée Lauder Companies by 392.6% in the third quarter. CVA Family Office LLC now owns 1,271 shares of the company's stock valued at $127,000 after purchasing an additional 1,013 shares during the period. Finally, Harrell Investment Partners LLC grew its position in shares of Estée Lauder Companies by 9.3% in the third quarter. Harrell Investment Partners LLC now owns 6,761 shares of the company's stock valued at $674,000 after purchasing an additional 575 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.

Insider Activity

In related news, Director Paul J. Fribourg purchased 75,500 shares of Estée Lauder Companies stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now owns 310,000 shares of the company's stock, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost 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 $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 119,200 shares of company stock valued at $7,801,318. Company insiders own 12.78% of the company's stock.

Analysts Set New Price Targets

EL has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. UBS Group lifted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. 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 research report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Finally, B. Riley lowered their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Estée Lauder Companies presently has an average rating of "Hold" and a consensus price target of $86.00.

Estée Lauder Companies Trading Down 1.3 %

Shares of Estée Lauder Companies stock traded down $0.88 on Friday, reaching $68.80. The company had a trading volume of 3,714,764 shares, compared to its average volume of 4,502,329. The firm's 50 day moving average price is $76.06 and its two-hundred day moving average price is $82.16. The firm has a market cap of $24.70 billion, a PE ratio of -35.28, a PEG ratio of 5.43 and a beta of 1.03. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.54. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.90 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion for 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 business's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies's dividend payout ratio (DPR) is -71.79%.

Estée Lauder Companies 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.