Terra Alpha Investments LLC Takes $1.36 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Terra Alpha Investments LLC acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,085 shares of the company's stock, valued at approximately $1,356,000.

A number of other hedge funds have also modified their holdings of EL. State Street Corp increased its stake 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 worth $1,054,314,000 after purchasing an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 during the period. Van ECK Associates Corp increased its position in shares of Estée Lauder Companies by 23.6% in the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company's stock worth $374,630,000 after acquiring an additional 954,493 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Estée Lauder Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company's stock worth $464,587,000 after acquiring an additional 70,307 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company's stock valued at $222,807,000 after acquiring an additional 1,330,840 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

EL has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research note on Friday, January 31st. Barclays dropped their target price on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies has a consensus 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 trading hours on Friday, reaching $67.04. 5,872,794 shares of the company were exchanged, compared to its average volume of 3,733,270. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $155.73. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average of $73.10 and a 200 day moving average of $78.18. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of -34.38, a PEG ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (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 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%. Estée Lauder Companies's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. As a group, research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

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

Insider Buying and Selling at Estée Lauder Companies

In other news, CFO Akhil Shrivastava bought 700 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.

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.