Flossbach Von Storch SE raised its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 96.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,998 shares of the company's stock after purchasing an additional 93,195 shares during the quarter. Flossbach Von Storch SE owned about 0.05% of Estée Lauder Companies worth $14,246,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of EL. Centre Asset Management LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth $8,585,000. Franklin Resources Inc. grew its stake in shares of Estée Lauder Companies by 47.5% during the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after acquiring an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC increased its position in shares of Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock worth $771,000 after acquiring an additional 3,524 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake 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 acquiring an additional 2,533,006 shares in the last quarter. Finally, Paloma Partners Management Co boosted its holdings in Estée Lauder Companies by 729.4% in the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company's stock valued at $4,735,000 after purchasing an additional 41,773 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.
Analysts Set New Price Targets
Several research firms have issued reports on EL. UBS Group lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Bank of America reduced their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research note on Friday, January 31st. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $86.00.
Read Our Latest Stock Analysis on Estée Lauder Companies
Insiders Place Their Bets
In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul J. Fribourg bought 43,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now owns 430,800 shares of the company's stock, valued at approximately $28,583,580. The trade was 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 insiders.
Estée Lauder Companies Stock Performance
Estée Lauder Companies stock traded up $0.37 during mid-day trading on Friday, hitting $71.71. 3,563,206 shares of the company's stock traded hands, compared to its average volume of 4,397,146. The company has a market cap of $25.74 billion, a PE ratio of -36.77, a price-to-earnings-growth ratio of 6.09 and a beta of 1.03. 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 one year low of $62.29 and a one year high of $159.54. The firm has a 50 day moving average price of $75.00 and a 200 day moving average price of $81.19.
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 (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. Estée Lauder Companies's revenue was down 6.4% compared to the same quarter last year. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 1.95%. Estée Lauder Companies's payout ratio is -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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