National Wealth Management Group LLC purchased a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,183 shares of the company's stock, valued at approximately $464,000.
Other hedge funds have also made changes to their positions in the company. Rodgers Brothers Inc. lifted its position in Estée Lauder Companies by 24.2% in the 4th quarter. Rodgers Brothers Inc. now owns 55,914 shares of the company's stock valued at $4,192,000 after purchasing an additional 10,879 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $27,140,000. Allstate Corp bought a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $513,000. Brown Brothers Harriman & Co. boosted its position in shares of Estée Lauder Companies by 349.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 27,904 shares of the company's stock worth $2,092,000 after buying an additional 21,700 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in Estée Lauder Companies by 32.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 3,203 shares of the company's stock worth $240,000 after buying an additional 776 shares in the last quarter. Institutional investors own 55.15% of the company's stock.
Insider Activity at Estée Lauder Companies
In other Estée Lauder Companies news, Director Paul J. Fribourg bought 43,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now directly owns 430,800 shares of the company's stock, valued at approximately $28,583,580. The trade was a 11.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.
Estée Lauder Companies Trading Down 9.1 %
Estée Lauder Companies stock traded down $5.30 during midday trading on Friday, reaching $52.89. The stock had a trading volume of 10,908,398 shares, compared to its average volume of 3,910,387. The Estée Lauder Companies Inc. has a twelve month low of $51.48 and a twelve month high of $149.91. 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 firm has a market cap of $18.99 billion, a price-to-earnings ratio of -27.12, a PEG ratio of 6.09 and a beta of 1.10. The firm's fifty day simple moving average is $70.31 and its two-hundred day simple moving average is $76.35.
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, topping the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies's revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is currently -71.79%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on EL shares. CICC Research initiated coverage on Estée Lauder Companies in a research report on Friday, December 27th. They set a "market perform" rating and a $82.00 price target for the company. Stifel Nicolaus decreased 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 research report on Wednesday, February 5th. Piper Sandler upped their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Telsey Advisory Group reiterated a "market perform" rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Finally, DA Davidson restated a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Twenty equities 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.com, Estée Lauder Companies has an average rating of "Hold" and an average target price of $86.00.
Check Out Our Latest Research Report on Estée Lauder Companies
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.
See Also
Before you consider Estée Lauder Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Estée Lauder Companies wasn't on the list.
While Estée Lauder Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
