Soros Capital Management LLC purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 66,150 shares of the company's stock, valued at approximately $4,960,000.
Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Estée Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after buying an additional 2,344,210 shares in the last quarter. FMR LLC boosted its position in shares of Estée Lauder Companies by 163.8% in the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after acquiring an additional 8,930,011 shares during the period. Independent Franchise Partners LLP grew its stake in Estée Lauder Companies by 45.5% during the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock valued at $589,205,000 after acquiring an additional 2,458,379 shares in the last quarter. Capital World Investors bought a new stake in Estée Lauder Companies during the 4th quarter worth approximately $554,509,000. Finally, Invesco Ltd. lifted its stake in Estée Lauder Companies by 148.9% in the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after purchasing an additional 3,278,632 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.
Estée Lauder Companies Stock Up 1.3 %
Shares of EL stock traded up $0.76 during mid-day trading on Friday, hitting $59.41. 2,585,724 shares of the stock traded hands, compared to its average volume of 4,067,500. The stock's fifty day moving average is $64.10 and its two-hundred day moving average is $72.25. The stock has a market cap of $21.33 billion, a P/E ratio of -30.47, a P/E/G ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $149.06. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. Equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.36%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -71.79%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased 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. Stifel Nicolaus cut their price objective on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Canaccord Genuity Group lowered their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, February 5th. Finally, CICC Research assumed coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They set a "market perform" rating and a $82.00 price objective on the stock. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of "Hold" and an average price target of $81.57.
Check Out Our Latest Analysis on Estée Lauder Companies
Insider Transactions at Estée Lauder Companies
In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost 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 of the company's stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price 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 $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.
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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