Proficio Capital Partners LLC Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Proficio Capital Partners LLC acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 45,213 shares of the company's stock, valued at approximately $3,390,000.

Several other hedge funds also recently modified their holdings of EL. Massachusetts Financial Services Co. MA increased its stake in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock valued at $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Estée Lauder Companies by 81.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company's stock valued at $222,807,000 after purchasing an additional 1,330,840 shares in the last quarter. Two Sigma Advisers LP increased its stake in Estée Lauder Companies by 80.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company's stock valued at $292,510,000 after purchasing an additional 1,310,900 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Estée Lauder Companies by 695.4% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company's stock valued at $111,994,000 after purchasing an additional 982,183 shares in the last quarter. Finally, Nuance Investments LLC increased its stake in Estée Lauder Companies by 1,127.5% during the 3rd quarter. Nuance Investments LLC now owns 1,059,080 shares of the company's stock valued at $105,580,000 after purchasing an additional 972,799 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EL shares. Piper Sandler lifted their price objective 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 report on Tuesday, February 4th. CICC Research started coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They set a "market perform" rating and a $82.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of "Hold" and an average target price of $86.00.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock traded down $0.98 during midday trading on Friday, reaching $67.04. The stock had a trading volume of 5,872,794 shares, compared to its average volume of 3,741,756. The firm's 50-day moving average price is $72.97 and its 200 day moving average price is $78.01. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $155.73. The firm has a market capitalization of $24.07 billion, a PE ratio of -34.38, 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share 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 firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's dividend payout ratio (DPR) is -71.79%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 43,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Akhil Shrivastava bought 700 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was purchased 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 of the company's stock, valued at $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies Company 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.