The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Charles Lim Capital Ltd

Charles Lim Capital Ltd boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 275.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 750,000 shares of the company's stock after buying an additional 550,000 shares during the period. Estée Lauder Companies accounts for approximately 14.1% of Charles Lim Capital Ltd's portfolio, making the stock its 3rd largest position. Charles Lim Capital Ltd owned 0.21% of Estée Lauder Companies worth $56,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Estée Lauder Companies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock worth $2,025,532,000 after buying an additional 2,344,210 shares in the last quarter. State Street Corp raised its stake in Estée Lauder Companies by 9.5% during 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. Van ECK Associates Corp boosted its position in shares of 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 worth $374,630,000 after acquiring an additional 954,493 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Estée Lauder Companies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 4,796,317 shares of the company's stock valued at $358,515,000 after purchasing an additional 117,163 shares during the last quarter. Finally, Norges Bank purchased a new position in Estée Lauder Companies during the 4th quarter valued at approximately $251,304,000. Institutional investors own 55.15% of the company's stock.

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Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock traded up $0.49 during trading on Wednesday, reaching $50.55. The company's stock had a trading volume of 2,631,925 shares, compared to its average volume of 3,942,901. The Estée Lauder Companies Inc. has a fifty-two week low of $48.54 and a fifty-two week high of $149.91. 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 firm has a market cap of $18.15 billion, a PE ratio of -26.08, a P/E/G ratio of 6.09 and a beta of 1.10. The company has a 50-day moving average price of $68.37 and a two-hundred day moving average price of $75.59.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its 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. The company had revenue of $4 billion for 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%. The company's revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. On average, analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's dividend payout ratio (DPR) is -71.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. UBS Group raised their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Canaccord Genuity Group cut their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Estée Lauder Companies currently has an average rating of "Hold" and a consensus price target of $86.00.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired 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 directly 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. This represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company's stock.

Estée Lauder Companies 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.