Phraction Management LLC increased its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 172.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,161 shares of the company's stock after acquiring an additional 10,856 shares during the quarter. Phraction Management LLC's holdings in Estée Lauder Companies were worth $1,287,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in Estée Lauder Companies by 9.5% in the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company's stock valued at $1,054,314,000 after purchasing an additional 913,470 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock worth $570,600,000 after buying an additional 2,533,006 shares in the last quarter. Van ECK Associates Corp boosted its stake in Estée Lauder Companies by 23.6% during the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company's stock valued at $374,630,000 after buying an additional 954,493 shares during the period. Geode Capital Management LLC grew its position in Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company's stock worth $464,587,000 after buying an additional 70,307 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in Estée Lauder Companies by 80.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company's stock worth $292,510,000 after acquiring an additional 1,310,900 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.
Insider Transactions at Estée Lauder Companies
In other news, CFO Akhil Shrivastava acquired 700 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was acquired 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on EL. TD Cowen dropped their price target on Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating for the company in a research report on Friday, November 1st. B. Riley dropped their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $86.00.
Read Our Latest Report on Estée Lauder Companies
Estée Lauder Companies Trading Down 1.3 %
EL stock traded down $0.88 on Monday, reaching $68.80. The company's stock had a trading volume of 3,714,764 shares, compared to its average volume of 4,619,071. 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 business has a fifty day simple moving average of $75.85 and a two-hundred day simple moving average of $81.69. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month 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 posted 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. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same period last year, the company posted $0.88 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 1.37 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. Estée Lauder Companies's dividend payout ratio (DPR) is -71.79%.
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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