Gabelli Funds LLC grew its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 482.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,400 shares of the company's stock after buying an additional 35,950 shares during the quarter. Gabelli Funds LLC's holdings in Estée Lauder Companies were worth $3,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Peterson Wealth Services boosted its stake in shares of Estée Lauder Companies by 9.8% in the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock worth $113,000 after buying an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. Blue Trust Inc. lifted its position in Estée Lauder Companies by 8.7% during the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock valued at $139,000 after purchasing an additional 148 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Estée Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after purchasing an additional 154 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after purchasing an additional 158 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares of the company's stock, valued at approximately $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 company insiders.
Analyst Upgrades and Downgrades
EL has been the topic of several analyst reports. Barclays lowered their target price on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. DA Davidson reiterated a "buy" rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley lowered their target price on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup decreased their price target on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $81.57.
View Our Latest Analysis on EL
Estée Lauder Companies Price Performance
Shares of EL stock traded up $1.40 during trading hours on Wednesday, hitting $57.34. The stock had a trading volume of 1,516,794 shares, compared to its average volume of 4,272,420. The Estée Lauder Companies Inc. has a one year low of $48.37 and a one year 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. The stock's 50-day moving average price is $64.53 and its two-hundred day moving average price is $72.61. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of -29.41, a PEG ratio of 6.09 and a beta of 1.10.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results 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 firm had revenue of $4 billion for the quarter, compared to analysts' expectations 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 business's revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. Equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Dividend Announcement
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 $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.44%. Estée Lauder Companies's dividend payout ratio is currently -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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