Channing Capital Management LLC lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 43.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,366 shares of the company's stock after purchasing an additional 29,202 shares during the period. Channing Capital Management LLC's holdings in Estée Lauder Companies were worth $7,226,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of EL. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies in the 4th quarter valued at about $29,000. Deseret Mutual Benefit Administrators grew its stake in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after buying an additional 158 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after buying an additional 300 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies in the 4th quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies in the 3rd quarter valued at about $31,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
EL has been the subject of a number of recent research reports. DA Davidson reissued a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Wells Fargo & Company boosted their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Stifel Nicolaus cut their price objective on shares of Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies currently has a consensus rating of "Hold" and an average target price of $86.00.
Check Out Our Latest Report on Estée Lauder Companies
Insider Transactions at Estée Lauder Companies
In other news, CFO Akhil Shrivastava acquired 700 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, for a total transaction 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Fribourg acquired 43,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were purchased 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 owns 430,800 shares of the company's stock, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.
Estée Lauder Companies Trading Up 2.7 %
NYSE EL traded up $1.78 on Friday, hitting $66.64. The company's stock had a trading volume of 3,995,209 shares, compared to its average volume of 3,719,984. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $157.49. The company's 50-day moving average is $73.65 and its 200 day moving average is $79.03. The firm has a market cap of $23.92 billion, a PE ratio of -34.17, a PEG ratio of 6.09 and a beta of 1.08.
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 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 in the prior year, the company posted $0.88 EPS. The company's revenue was down 6.4% on a year-over-year basis. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies's dividend payout ratio (DPR) is presently -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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